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Nvidia plans to scrap $40bn takeover of Arm: report

Deal faces pushback from U.S. antitrust regulators

Opponents of the deal say Nvidia would gain an unfair advantage with the purchase.   © Reuters

LONDON -- U.S. chipmaker Nvidia appears set to ditch the purchase of British chip designer Arm for $40 billion due to continued resistance from U.S. antitrust authorities.

Nvidia has communicated to business partners that what would have been the biggest deal in the chip industry will not come to fruition, according to a Bloomberg report on Tuesday, citing anonymous sources.

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