Tesla CEO Elon Musk has signaled competition concerns over Nvidia Corp’s planned purchase of British chip designer Arm, the Telegraph reported on Saturday, August 28, citing multiple sources.
E-commerce giant Amazon and smartphone maker Samsung Electronics have also lodged opposition to the deal with US authorities, the newspaper reported.
Earlier this year, the US Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected in the coming weeks, according to the newspaper.
Nvidia is likely to seek European Union antitrust approval for the US$54 billion purchase of Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter have said.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
