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Semiconductors

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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