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NVIDIA CORPORATION

(NVDA)
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NVIDIA : U.K. considers blocking Nvidia's $40 bln takeover deal for Arm - Bloomberg News

08/03/2021 | 01:00pm EDT
FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara

Aug 3 (Reuters) - The UK government is considering blocking chip designer Nvidia Corp's $40 billion acquisition of British peer Arm Ltd on potential national security risks, Bloomberg News reported on Tuesday, citing people familiar with the matter. (https://bit.ly/3A3h9hG)

Nvidia said that it is working through the regulatory process with the UK government.

"We look forward to their questions and expect to resolve any issues they may have," an Nvidia spokesperson told Reuters.

Arm, currently owned by Japan's SoftBank Group Corp is a major player in global semiconductors, a sector fundamental to technologies from artificial intelligence and quantum computing to 5G telecoms networks. Its designs power nearly every smartphone and millions of other devices.

The UK's Competition and Markets Authority (CMA) had sent its completed Phase 1 investigation report to the UK government on July 20,according to the government's website. (https://bit.ly/2VbrzNH)

The assessment submitted contains worrying implications for UK's national security, the Bloomberg report said, citing a person familiar with the matter.

The regulator declined further comment on Tuesday.

The U.K. government is likely to conduct a deeper review of the merger due to national security issues, the report added.

In April, the UK government said it is invoking national security to investigate the deal and that CMA will assess the competition, jurisdiction and national security impact of the deal. (Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NVIDIA CORPORATION -1.91% 216.6 Delayed Quote.69.14%
SOFTBANK GROUP CORP. -0.05% 6624 End-of-day quote.-17.80%
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Financials (USD)
Sales 2022 25 760 M - -
Net income 2022 8 775 M - -
Net cash 2022 11 397 M - -
P/E ratio 2022 66,2x
Yield 2022 0,08%
Capitalization 541 B 541 B -
EV / Sales 2022 20,5x
EV / Sales 2023 17,9x
Nbr of Employees 18 975
Free-Float 62,0%
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Number of Analysts 42
Last Close Price 220,81 $
Average target price 224,71 $
Spread / Average Target 1,77%
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Managers and Directors
Jen Hsun Huang President, Chief Executive Officer & Director
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Debora Shoquist Executive Vice President-Operations
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