Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph
Reuters
Published Aug 28, 2021 22:03
(Reuters) - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.
E-commerce giant Amazon.com Inc (NASDAQ:AMZN) and smartphone maker Samsung Electronics (KS:005930) Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.
Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected in the coming weeks, according to the newspaper.
Tesla, Amazon, Samsung and Nvidia did not immediately respond to a Reuters request for comment.
Nvidia is likely to seek European Union antitrust approval for the $54 billion purchase of Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter have said.
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Written By: Reuters
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