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SoftBank's $66bn sale of chip group Arm to Nvidia collapses

Qualcomm and Microsoft objected; scrutiny came from U.S, U.K and EU regulators

SoftBank will receive a break-up fee of up to $1.25 billion after the sale of Arm fell apart.    © Reuters

SAN FRANCISCO/LONDON/NEW YORK (Financial Times) -- SoftBank's $66bn sale of U.K.-based chip business Arm to Nvidia collapsed on Monday after regulators in the U.S., U.K. and EU raised serious concerns about its effects on competition in the global semiconductor industry, according to three people with direct knowledge of the transaction.

The deal, the largest ever in the chip sector, would have given California-based Nvidia control of a company that makes technology at the heart of most of the world's mobile devices. A handful of Big Tech companies that rely on Arm's chip designs, including Qualcomm and Microsoft, had objected to the purchase.

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