UK considers blocking Nvidia's takeover deal for Arm over national security
The UK government is considering blocking acquisition of British chip designer Arm by American graphics hardware giant Nvidia over potential national security risks, Bloomberg reported on Tuesday citing people with knowledge of the matter.
According to the report, the preliminary investigation of the deal conducted by the UK's Competition and Markets Authority (CMA) has found worrying implications for the UK's national security.
The CMA submitted the completed Phase 1 investigation report to the government on 20 July, and now the government is inclined to block the deal, a source told Bloomberg. Another person said that the government could order a deeper review of the deal, and the final decision will be taken after the review. The government could also approve the deal, but with certain conditions, the sources added. In a statement to Bloomberg, Nvidia said that it would "continue to work through the regulatory process with the UK government".
