The UK’s competition watchdog, the Competition and Markets Authority (CMA), announced Wednesday, January 6, that it plans to investigate Nvidia’s proposed acquisition of British chip designer Arm.
Nvidia announced plans to buy the Cambridge-headquartered company from SoftBank for US$40 billion last September and critics have been calling on governments and regulators to probe the deal ever since.
The CMA stated it is inviting third parties to provide their opinion on how the deal will impact competition in the UK before launching a formal investigation later this year.
“The chip technology industry is worth billions and critical to many of the products that we use most in our everyday lives,” Andrea Coscelli, chief executive of the CMA, said in a statement.
“We will work closely with other competition authorities around the world to carefully consider the impact of the deal and ensure that it doesn’t ultimately result in consumers facing more expensive or lower quality products,” Coscelli added.
With 6,500 staff, including 3,000 in the UK, Arm is widely regarded as the jewel in the crown of the British tech industry. Its chips power most of the world’s smartphones, as well as many other devices.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI