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.
