Nvidia Falls as U.K. Intervenes on $40 Billion Arm Deal
- U.K.’s DCMS ordered investigation on national security grounds
- Antitrust watchdog has until July 30 to make its report
Photographer: David Paul Morris/Bloomberg
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Nvidia Corp. shares fell after the U.K. said it will intervene in the U.S. company’s $40 billion deal for British semiconductor designer Arm Ltd. on national security grounds.
The Department for Digital, Culture, Media and Sport ordered the country’s antitrust watchdog to investigate the implications of the deal and make a report by midnight on July 30, according to a statement issued on Monday. Nvidia shares slid 1.8% as the market opened in New York.