NVIDIA CEO is confident ARM takeover will be greenlit

Last month NVIDIA revealed its audacious plan to take over chip designer ARM for $40 billion. However, more and more folks are doubting the deal will get past global regulators. NVIDIA CEO Jen-Hsun Huang on the other hand is confident the deal will be greenlit.

His comments were made at a "fireside chat" as part of the ARM Dev Summit. ARM CEO Simon Segars backed Huang up:

“I am confident. We are confident that [the Nvidia-Arm deal] is going to go through,” Huang said. “As soon as we explain the rationale of the transaction and our plans to regulators around the world, they will realize that these are two complementary companies.”

Arm CEO Simon Segars backed Huang up, while noting that the regulatory process will take some time.

“This is a deal that’s about expanding,” Segars said. “It’s about creating more and new technology. It’s about putting that technology in the hands of people who are going to build really cool stuff with it. So from that point of view, this is about enabling more people to do more things. That’s the positive thing, that as regulators do scrutinize this, they’re going to be able to see.”

Via: EE Times