Friday, 3 December 2021
The US Federal Trade Commission (FTC) has filed a lawsuit against graphics card giant Nvidia to block its deal to purchase ARM. Before we take a look at why FTC‘s doing it, a quick recap of what has happened till now. Nvidia’s bid for ARM Last September, Nvidia announced it’s planning to buy the chip design firm for $40 billion. The US-based company said at that time, the purchase ties into its plans of bolstering its AI efforts. As ARM’s shares have risen since that, the UK-based company might be worth a whopping $80 billion now. Before this deal was announced, ARM’s then-owner,…
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