Nvidia’s proposed acquisition of semiconductor maker Arm hit a roadblock this week as the UK government objected to the buyout over national security concerns. Japanese tech company SoftBank originally agreed to sell Arm, headquartered in Cambridge, in a $ 40 billion deal.

Oliver Dowden, UK digital secretary, announced that the Competition and Markets Authority (CMA), the UK’s competition watchdog, would be examining the sale and looking into possible national security implications. The agency will investigate whether Arm plans to raise prices or otherwise affect licensing services for Nvidia competitors. They will submit a report by July 30th making their findings public.

“After carefully examining the proposed acquisition of ARM, I issued a notice of intervention today for national security reasons,” Dowden said in a statement. “We want to support our thriving UK tech industry and welcome foreign investment, but it is …

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