Credit: Nvidia
- The Federal Trade Commission in the United States is suing to block the Nvidia Arm deal.
- The $40 billion deal has faced major pushback due to the potential for stifling of competition.
- Other government organizations around the world are also trying to stop Nvidia’s purchase.
Arm technologies are in lots of stuff nowadays. Your Android phone is an Arm-based computer, and the much-lauded Apple M1 chip is also based on Arm. This growing portfolio is one of the main reasons why eyebrows were raised when Nvidia announced its intentions to buy the company.
That deal — estimated at $40 billion — has faced major pushback from the likes of the European Commission and the United Kingdom Competitions and Market Authority. Now, it faces another major hurdle in the US Federal Trade Commission. Today, the FTC announced it is suing to stop the Nvidia Arm deal.