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Nvidia’s Planned Arm Takeover Gets Boost From Chip Giants

Nvidia Corp.’s $40 billion proposed acquisition of U.K. semiconductor group Arm Ltd. got a boost after three of the world’s largest chipmakers expressed support for the controversial deal.

Broadcom Corp., MediaTek Inc. and Marvell Technology Group Ltd. are the first customers of the Cambridge, U.K.-based Arm to publicly support the takeover, which has raised concerns on national security grounds, the Sunday Times reported.