In a new Financial Times report, Nvidia’s $40 billion acquisition of Arm has fallen through after regulators disapproved of the deal. Mobile and Switch chip technology firm Arm will remain under parent company SoftBank in the UK. The deal faced heavy scrutiny in the US and UK from regulators including the US Federal Trade Commission. In both nations, it was clear that this deal posed an anti-competitive threat and a security threat. Nvidia originally announced the deal in 2020 but progress was halted, eventually falling through this year.
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