Qualcomm ready to invest in ARM

Stefan Mileschin · 17th June 2021, 08:27

If EU spikes Nvidia deal

Qualcomm has said that it will invest in ARM if the EU nixes Nvidia’s takeover deal.

Last September, Nvidia announced a deal to buy the company, although the deal faces multiple competition investigations in the UK, US, the European Union and China.

While the deal is expected to be rubber-stamped in the US, Nvidia is waiting to get approval for the deal from the EU which is far less certain. UK’s Competition and Markets Authority is assessing the acquisition on national security grounds, although it didn’t seem particularly concerned before.

Now Qualcomm has opened the door to a rival investment in ARM if the British microchip company's $40 billion sale to Nvidia is blocked.

Cristiano Amon, Qualcomm’s incoming chief executive, told The Telegraph it would be prepared to buy a stake in ARM alongside a consortium of industry players if owner SoftBank were to float the company instead of selling it to Nvidia.

https://fudzilla.com/news/53052-qual...-invest-in-arm

17th June 2021, 08:27	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Qualcomm ready to invest in ARM If EU spikes Nvidia deal Qualcomm has said that it will invest in ARM if the EU nixes Nvidia’s takeover deal. Last September, Nvidia announced a deal to buy the company, although the deal faces multiple competition investigations in the UK, US, the European Union and China. While the deal is expected to be rubber-stamped in the US, Nvidia is waiting to get approval for the deal from the EU which is far less certain. UK’s Competition and Markets Authority is assessing the acquisition on national security grounds, although it didn’t seem particularly concerned before. Now Qualcomm has opened the door to a rival investment in ARM if the British microchip company's $40 billion sale to Nvidia is blocked. Cristiano Amon, Qualcomm’s incoming chief executive, told The Telegraph it would be prepared to buy a stake in ARM alongside a consortium of industry players if owner SoftBank were to float the company instead of selling it to Nvidia. https://fudzilla.com/news/53052-qual...-invest-in-arm

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