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FTC Challenges Nvidia’s $40 Billion Deal for Arm Holdings
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WASHINGTON—The Federal Trade Commission on Thursday sued to block U.S. chip supplier Nvidia Corp.’s proposed $40 billion takeover of chip-design specialist Arm Holdings, arguing the chip-industry deal is anticompetitive.
In a lawsuit filed in its administrative court, the FTC alleged the acquisition would give Nvidia unlawful control over computing technology and designs that rivals need to develop their own competing chips.
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