Jensen Huang, CEO of Nvidia
Rick Wilking | Reuters
LONDON – The UK government announced on Tuesday that it would like a full investigation into Nvidia’s acquisition of Cambridge chip designer Arm, widely regarded as the jewel in the crown of UK tech.
Digital and Culture Minister Nadine Dorries ordered a “phase 2” investigation of Nvidia’s $ 40 billion offer for the poor. The investigation, slated to be conducted by the Competition and Markets Authority over the next 24 weeks, will investigate antitrust concerns and national security issues related to the deal. The CMA said it had serious concerns about the deal after completing the initial “Phase 1” review.
The acquisition is under scrutiny by regulators around the world, and the chip companies said in August that the deal is now unlikely to close before the original March 2022 deadline.
An Nvidia spokesperson told CNBC on Tuesday, “We plan to share the CMA’s initial views on the impact of the deal on …