The US Federal Trade Commission has filed a lawsuit to block Nvidia's acquisition of UK-based chip designer and supplier Arm Limited. Nvidia first announced the acquisition in September 2020, when Nvidia CEO Jensen Huang said the merger «will create a company fabulously positioned for the age of AI.» But in November 2021 the UK government launched an investigation into the deal over national security and supply chain concerns, and shortly afterwards the US began scrutinizing the deal as well.
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