The Federal Trade Commission on Thursday sued to block Nvidia’s $40 billion acquisition of U.K. chip designer Arm Ltd., arguing that the huge deal would stifle innovation in semiconductors.
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FTC sues to block $40 billion chip acquisition it says would stifle competition
California-based Nvidia has moved to buy Britain-based Arm, whose chip designs are used by manufacturers throughout the world
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Updated December 2, 2021 at 6:07 p.m. EST|Published December 2, 2021 at 3:48 p.m. EST