CNBC: Britain intervenes in Nvidia’s $40bn Arm takeover on national security concerns

CNBC reports:
The U.K. government has intervened in Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds.
Britain’s Digital Secretary Oliver Dowden issued a Public Interest Intervention Notice (PIIN) on Monday. It’s not clear what the national security grounds are but the Department for Digital, Culture, Media and Sport said Dowden “considered advice received from officials across the investment security community.”
Dowden said he has written to the U.K. competition watchdog and asked …

The post CNBC: Britain intervenes in Nvidia’s $40bn Arm takeover on national security concerns appeared first on The Loadstar.

Source: The Loadstar

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