Three chip makers support NVIDIA's bid to takeover Arm

Posted on Monday, June 28 2021 @ 8:38 CEST by Thomas De Maesschalck
Last September, NVIDIA revealed its audacious plan to acquire chip designer Arm for $40 billion. The deal still needs to pass regulatory approval in various parts of the world, and some chipmakers like Qualcomm have publicly objected to the deal. However, it appears NVIDIA has also captured support from at least three major firms.

Broadcom, MediaTek, and Marvell say yes to NVIDIA-Arm deal

The Sunday Times reports three major Arm clients have come out in favor of the deal. The three names are Broadcom, Marvell, and MediaTek.
Three of the world’s largest chip companies have broken ranks to give their blessing to Nvidia’s $40 billion swoop on UK semiconductor group ARM, in a big boost for the US giant’s controversial takeover. Broadcom, MediaTek and Marvell have become the first customers of the Cambridge-based ARM to support the takeover publicly.
The deal is currently being reviewed by UK regulators and a final judgment is near. After this, NVIDIA's takeover of Arm also needs clearance from the US, the EU, and China. Public support from three major chip designers is a big win for NVIDIA, but there are a lot of parties that are against the deal. Besides Qualcomm, it's reported that major tech giants like Google and Microsoft are lobbying to nuke the deal.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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