Nvidia offers EU incentives on the purchase of Arm.
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By a European Commission filing on Wednesday, Nvidia (NASDAQ: NVDA) has proposed concessions in order to obtain EU antitrust approval for its $54 billion acquisition of British
chip designer Arm.
The world’s largest maker of graphics and AI processors made the announcement last year, raising concerns in the semiconductor industry about Arm’s ability to remain a neutral actor by licencing essential intellectual property to customers and rivals.
In accordance with its policy, the EU competition enforcer did not give specifics about the concessions. It gave itself till Oct. 27 to make a conclusion.
Story by : Norvisi Mawunyegah