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Nvidia reportedly offers concessions in a bid to secure EU antitrust approval for its US$54 billion ARM acquisition

Chances for the ARM acquisition are getting slimmer and slimmer. (Image Source: Curs De Guvernare)
Chances for the ARM acquisition are getting slimmer and slimmer. (Image Source: Curs De Guvernare)
The exact nature of the concessions offered to the European Commission is yet to be determined. In light of the concession proposal, the European Commission extended the ARM deal review deadline until October 27 to analyze the implications and seek additional input from ARM's customers. Nvidia was also recently in news headlines because of its US$100+ million investment plan for the UK's fastest supercomputer.

The Nvidia - ARM deal is still awaiting to be greenlit by most of the anti-monopoly regulatory agencies across the world, but the chances of success are starting to look slimmer and slimmer for Team Green. ARM’s largest customers are against the deal, and countries like the UK and China already expressed their disapproval, yet the European Commission might have the final word. Initially supposed to finalize the deal review by early October, the European Commision recently extended the review deadline to October 27 as Nvidia came forth with certain concessions for the European bloc in what looks like a last stand to reverse the imminent outcome.

According to Reuters, the European Commission received a concession proposal, yet its nature has not yet been disclosed. Furthermore, Tom's Hardware reports that Nvidia offered to invest more than US$100 million in UK’s most powerful supercomputer.

Analysts believe that the European Commission may extend the investigation by four months if Nvidia’s concession proposal is not accepted. Reuters also points out that, despite outright opposition from long-time ARM customers like Qualcomm, Samsung and Apple, there still are some supporters of the Nvidia - ARM deal, including Broadcom, MediaTek and Marvell, which were most likely offered small licensing fee discounts.

 

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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2021 10 > Nvidia reportedly offers concessions in a bid to secure EU antitrust approval for its US$54 billion ARM acquisition
Bogdan Solca, 2021-10- 8 (Update: 2021-10- 8)