Report: Qualcomm objects Nvidia’s acquisition of Arm

Friday, 12. February 2021 16:32

Qualcomm told market regulators worldwide that the company opposes Nvidia Corp's acquisition of Arm Holdings for $40 billion, CNBC reported on Friday citing sources familiar with the matter.

According to the release, Qualcomm told American, European, British and Chinese regulators that it is against the deal. The United States Federal Trade Commission has allegedly already pushed the process to the second phase, asking Nvidia, Arm and SoftBank to provide more information about their agreement.

"You're looking at a very thorough, a very painful, and a very long investigation," one of the sources claimed. The deal between Nvidia and SoftBank, which owns Arm, was first published last September. Since then, multiple reports suggested regulators would open an investigation into the acquisition.

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