The chip industry’s largest-ever deal is under scrutiny.
The UK government on Monday raised its objections to Nvidia’s takeover of chip designer Arm, in part due to national security concerns. UK Digital Secretary Oliver Dowden said that the country’s competition watchdog, the CMA, would look into the proposed sale of Arm, which has its headquarters in the British city of Cambridge, to explore the any national security implications for the UK.
“Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds,” said Dowden in a statement. “We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this.”
