British watchdog barks at Nvidia's ARM take over
 

Competition concerns

Britain's competition watchdog has launched an investigation into the $40 billion takeover of the UK-based chip designer ARM by the GPU maker named after a Roman vengeance daemon Nvidia.

The Competition and Markets Authority (CMA) has called for interested parties to submit views on the contentious deal before the launch of a formal investigation later this year.

ARM, which employs 6,500 staff including 3,000 in the UK, is a global leader in designing chips for smartphones, computers and tablets. Nvidia announced its plan to buy the British tech group from Japan's SoftBank in September.

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