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U.S. regulator sues to block Nvidia takeover of SoftBank's Arm

Biggest semiconductor deal in history would stifle competition, FTC says

SoftBank announced the plan to sell Arm to Nvidia in a cash and stock deal worth up to $40 billion in September 2020. (Source photos by Reuters and Arm)

PALO ALTO, U.S. -- The U.S. Federal Trade Commission has filed a lawsuit to block American graphics processor group Nvidia's acquisition of SoftBank Group-owned chip designer Arm, saying the deal would "stifle innovative next-generation technologies."

The planned sale was announced back in September 2020 for up to $40 billion in cash and stock. Cambridge-based Arm does not make finished chips or devices itself but creates and licenses microprocessor designs and architectures to other tech companies.

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