The British government has ordered an investigation of Nvidia’s proposed $40 billion acquisition of UK-headquartered chip designer Arm. The country’s competition regulator, the Competition and Markets Authority (CMA), will prepare an initial report on the takeover by the end of July, which will cover potential national security issues, as well as competition and jurisdictional issues created by the deal.
“I have today issued an intervention notice on national security grounds,” the UK’s digital secretary Oliver Dowden said in a statement. “The UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions.”