Japan’s SoftBank announces that sale of British company faces insurmountable regulatory hurdles
Nvidia’s planned $40bn (£29.6bn) acquisition of the Cambridge-based chip designer Arm from Japan’s Softbank has collapsed, the companies said on Tuesday, after regulatory hurdles proved insurmountable.
The cash-and-stock deal was announced in 2020 but the US Federal Trade Commission sued to block it in December, arguing that competition in the nascent markets for chips in self-driving cars and a new category of networking chips could be hurt if Nvidia carried out the purchase.
