UK investigating ARM's sale to Nvidia

Stefan Mileschin · 21st April 2021, 08:53

Worried about national security suddenly

The UK government is to examine the sale of computer chip designer ARM Holdings to a US company after suddenly getting worried about national security.

The UK government did not worry when the UK tech company was sold to Japan, a country it had a bit of a war with once, and even was involved in nuking to make sure it did not fight for a while, but suddenly seems concerned that its old ally since WW2 might get its hands on ARM.

Nvidia wants to buy the company for £29.5 billion but Digital Secretary Oliver Dowden said he wanted the UK's competition watchdog to assess its implications.

"Following careful consideration of the proposed takeover, I have today issued an intervention notice. As a next step and to help me gather the relevant information, the UK's independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions."

https://fudzilla.com/news/52720-uk-i...sale-to-nvidia

21st April 2021, 08:53	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	UK investigating ARM's sale to Nvidia Worried about national security suddenly The UK government is to examine the sale of computer chip designer ARM Holdings to a US company after suddenly getting worried about national security. The UK government did not worry when the UK tech company was sold to Japan, a country it had a bit of a war with once, and even was involved in nuking to make sure it did not fight for a while, but suddenly seems concerned that its old ally since WW2 might get its hands on ARM. Nvidia wants to buy the company for £29.5 billion but Digital Secretary Oliver Dowden said he wanted the UK's competition watchdog to assess its implications. "Following careful consideration of the proposed takeover, I have today issued an intervention notice. As a next step and to help me gather the relevant information, the UK's independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions." https://fudzilla.com/news/52720-uk-i...sale-to-nvidia

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