The Federal Trade Commission is suing to block the graphics chip maker Nvidia from acquiring the mobile chip design powerhouse Arm from its current owner, Softbank. The proposed merger, and the FTC’s case to block it, represent a number of firsts for the tech industry and its regulators.
The $40 billion merger, which was announced in September, is being called the largest in chip industry history. If approved, it would send seismic waves through that industry and position Nvidia as an essential technology provider to much of the rest of the industry, including its own competitors.
The case is the FTC’s first big antitrust action under the leadership of tech critic and antitrust firebrand Lina Khan. The 32-year-old Khan was nominated to the post of FTC chair by President Biden earlier this year after being a Congressional staffer and then an associate professor at Columbia law school. She has signaled an interest in the FTC taking a more aggressive stance toward big tech…
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Source : fastcompany.com
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