Nvidia affords EU concessions over $54 billion Arm deal

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BRUSSELS, Oct 6 (Reuters) – Nvidia (NVDA.O) has provided concessions in a bid to safe EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a European Commission submitting confirmed on Wednesday.

The deal introduced by world’s greatest maker of graphics and AI chips final yr has sparked considerations within the semiconductor business over whether or not Arm may stay a impartial participant licensing mental property to clients and rivals.

The EU competitors enforcer, which didn’t present particulars of the concessions according to its coverage, set an Oct. 27 deadline for its choice.

It will now search suggestions from rivals and clients earlier than deciding whether or not to simply accept the concessions, demand extra or open a four-month lengthy investigation.

Nvidia has mentioned it might preserve Arm as a impartial expertise provider because it goals to allay considerations from clients equivalent to Qualcomm Inc (QCOM.O), Samsung Electronics Co Ltd (005930.KS) and Apple Inc (AAPL.O).

Arm clients Broadcom (AVGO.O), MediaTek (2454.TW) and Marvell (MRVL.O) are supporters of the deal.

Arm, owned by Japan’s SoftBank Group Corp (9984.T), is a serious participant in world semiconductors. Its designs energy almost each smartphone and tens of millions of different gadgets.

Reporting by Foo Yun Chee; modifying by Louise Heavens and Jason Neely

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu