Nvidia Offers EU Concessions Over $54bn ARM Deal

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

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.

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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