Salem Radio Network News Friday, December 3, 2021

Business

UK expected to investigate Nvidia’s bid for ARM on national security grounds – The Sunday Times

(Reuters) – UK ministers are expected to order an in-depth investigation of Nvidia Corp’s planned 30 billion pounds($40.24 billion)acquisition of British chip designer ARM over antitrust and national security concerns, the Sunday Times.

Britain’s Digital and Culture Secretary Nadine Dorries is expected to instruct Competition & Markets Authority to undertake a “phase two” probe of the deal next week, the report added.

($1 = 0.7455 pounds)

(Reporting by Aakriti Bhalla in Bengaluru; Editing by Cynthia Osterman)

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