Nvidia Hit with Subpoena from US Justice Department, Reports Bloomberg News

Investigation reportedly stems from Arm acquisition, potential anti-competitive behavior

Nvidia says cooperating with investigation

Chipmaker Nvidia Corp. has received a subpoena from the U.S. Justice Department as part of an investigation into its $40 billion acquisition of Arm Ltd., Bloomberg News reported on Thursday.

The investigation is reportedly focused on whether the deal could give Nvidia too much control over the chip industry and potentially lead to anti-competitive behavior.

Nvidia said in a statement that it is cooperating with the investigation.

The Arm deal, which was announced in September 2020, has been closely scrutinized by regulators around the world.

The UK's Competition and Markets Authority (CMA) is currently investigating the deal, and the European Commission has also opened an investigation.

The CMA has said that it is concerned that the deal could give Nvidia too much power in the chip industry and could lead to higher prices for consumers.

The European Commission has said that it is concerned that the deal could give Nvidia an unfair advantage over its rivals and could lead to less innovation in the chip industry.

Nvidia has said that it is confident that the deal will be approved by regulators.

The company has said that the deal will benefit the chip industry and will lead to more innovation.

Key Points

• Nvidia has received a subpoena from the U.S. Justice Department as part of an investigation into its $40 billion acquisition of Arm Ltd.
• The investigation is reportedly focused on whether the deal could give Nvidia too much control over the chip industry and potentially lead to anti-competitive behavior.
• Nvidia said in a statement that it is cooperating with the investigation.
• The Arm deal has been closely scrutinized by regulators around the world.
• The UK's Competition and Markets Authority (CMA) and the European Commission are both investigating the deal.
• The CMA has said that it is concerned that the deal could give Nvidia too much power in the chip industry and could lead to higher prices for consumers.
• The European Commission has said that it is concerned that the deal could give Nvidia an unfair advantage over its rivals and could lead to less innovation in the chip industry.
• Nvidia has said that it is confident that the deal will be approved by regulators.
• The company has said that the deal will benefit the chip industry and will lead to more innovation.

Sources

1. Nvidia Said to Get Justice Dept. Subpoena Over Arm Deal
2. Nvidia says it received U.S. Justice Dept subpoena over Arm deal
3. Nvidia says it got a subpoena from the Justice Department over Arm deal