Deals
Nvidia-Arm Deal Risks Higher Prices, Less Choice, EU Warns
- EU extends probe setting new March 15 deadline to rule on deal
- Deal risks restricting or degrading access to Arm IP, EU says
Nvidia headquarters in Santa Clara, California, U.S., on Tuesday, Feb. 23, 2021.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Nvidia Corp.’s bid for U.K.-based chip developer Arm Ltd. risks “higher prices, less choice and reduced innovation,” the European Commission warned as it opened a longer probe into the deal.
The EU’s analysis shows that the acquisition “could lead to restricted or degraded access” to Arm’s intellectual property, EU Competition Commissioner Margrethe Vestager said in a statement on Wednesday.