The proposed Nvidia-Arm merger had another roadblock thrown in front of it when the US Federal Trade Commission’s filed a lawsuit objecting to the $40 billion deal last week.
The acquisition met with almost immediate opposition from UK entities when it was announced in September 2020. Now, 15 months laster the FTC weighs in and has set an administrative trial for Aug. 9, 2022.
“Tomorrow’s technologies depend on preserving today’s competitive, cutting-edge chip markets,” said Holly Vedova, director of the FTC’s Bureau of Competition in a statement. “This proposed deal would distort Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s rivals.”