Nvidia offers EU concessions on 54 54 billion arms deal by Reuters

Reuters File Photo: Nvidia Corporation logo appears on May 30, 2017 during the annual Computex Computer Show in Taipei, Taiwan.

By Fu Yun Chi

BRUSSELS (Reuters) – Nvidia has offered concessions to secure EU no-confidence approval for a 54 54 billion acquisition of British chip designer Arm, a European Commission filing showed on Wednesday.

The deal, announced last year by the world’s largest graphics and AI chips, has raised concerns in the semiconductor industry about whether Arm customers and competitors could be neutral players licensing intellectual property.

The EU has set October 27 as the deadline for competitor enforcement, which has not provided details of the concessions in accordance with its policy.

It will now seek feedback from competitors and customers, whether to accept discounts, make more demands or open a four-month-long investigation.

Nvidia (NASDAQ 🙂 says it will maintain Arm as a neutral technology provider as it aims to address customer concerns such as Qualcomm (NASDAQ:) Inc., Samsung Electronics (OTC:) Co Ltd and Apple Inc. (NASDAQ :).

Arm customers support Broadcom (NASDAQ :), MediaTek and Marvel (NASDAQ :).

Arm, owned by Softbank Group Corporation of Japan, is a major player in global semiconductors. Its designs power almost every smartphone and millions of other devices.

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