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Nvidia Offers EU Concessions Over $54bn ARM Deal

By  |  October 6, 2021

Nvidia has reportedly offered concessions to the European Commission (EC) over its attempt to acquire British chip designer ARM Holdings.

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    Reuters reported that a European Commission filing on Wednesday showed that the American GPU goliath had made the undisclosed concessions to the EC, in an effort to secure EU antitrust approval for its $54 billion acquisition of ARM.

    If true, this will prompt questions as to what concessions Nvidia is offering the UK’s Competition and Markets Authority (CMA) watchdog, and indeed the British government – what with ARM being a UK firm and all.

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    The EU competition watchdog reportedly did not provide details of the concessions in line with its policy, and has set an 27 October deadline for its decision.

    Related: Nvidia Will Look To Get EU Approval For $54B Arm Deal

    It will seek feedback from rivals and customers before deciding whether to accept the concessions, demand more, or open a four-month long investigation.

    In September 2020, after months of rumours, it was confirmed that Cambridge-based ARM was to be sold to Nvidia for a hefty $54 billion.

    Nvidia’s acquisition of ARM is an unpopular move in some quarters, as ARM designs power 95 percent of the world’s smartphones, and there is concern at ARM’s sale to a single chip supplier could give Nvidia too much leverage in the market.

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