- Oops!Something went wrong.Please try again later.
By Dhirendra Tripathi
Investing.com – Nvidia (NASDAQ:NVDA) shares fell Tuesday following a report in Financial Times that the chipmaker may exceed the 18-month timeline it set last September to complete the $40 billion takeover of the U.K. chip designer Arm.
According to the FT report, Nvidia has submitted an application to Chinese competition regulators in recent weeks and it sets in motion a period of scrutiny that could itself take up to 18 months, breaching Nvidia’s targeted deadline.
Arm has as a joint venture, headquartered in Shanghai, with Chinese private equity firm Hopu Investments. Nvidia will need the approval of the authorities there to acquire a stake in Arm China.
Huawei’s HiSilicon and Semiconductor Manufacturing International Corporation, as well as state-backed chip investment group E-Town Capital have opposed the Nvidia-Arm deal, FT said.