Citi Gives Nvidia’s Arm Purchase a 10% Chance of Approval

As the U.K. government on Monday announced plans to intervene in Nvidia’s takeover of Arm on national security grounds, analysts from Citigroup reconsidered Nvidia’s chance to acquire the CPU and GPU developer. The observers believe that now that Nvidia introduced its own Arm-powered datacenter CPU, the likelihood of it getting approval to buy Arm just got significantly lower. 

Oliver Dowden, the U.K.’s Digital Secretary on Monday issued a Public Interest Intervention Notice (PIIN) concerning the takeover and expressed his concerns about the proposed acquisition and national security. The antitrust investigation in the U.K. is expected to be concluded by the end of July. 

Source link

About Game News Today

I'm a true gamer. I'm not a pro gamer but ill never stop playing games. My choice of console is PlayStation, but each to their own. I unfortunately do not get as much time as i would like to still play games, but when i do, i love it!

Check Also

Gigabyte Apologizes for ‘Made in China’ Comment After Losing $550 Million

Gigabyte has apologized for a comment it made about Chinese manufacturing that prompted social media …