FTC Sues to Block Chip Giant Nvidia’s Bid for Arm

FTC Sues to Block Chip Giant Nvidia’s Bid for Arm

The U.S. Federal Trade Commission (FTC) has filed a lawsuit in administrative court that seeks to block Nvidia’s proposed acquisition of British company Arm.

Chips based on Arm designs power the vast majority of the world’s smartphones and are widely used in everything from data centers to autonomous vehicles and supercomputers. Nvidia, which has become a global chip powerhouse with an $803 billion market cap, is best known for cutting-edge manufacturing video-game and AI chips and has a significant presence in many other markets.

Read more: forbes

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