Google, Microsoft, Qualcomm Protest Nvidia’s Acquisition of Arm Ltd.
- FTC starts in-depth investigation of $40 billion chip deal
- Companies concerned they won’t have equal access to technology
Photographer: Andrew Harrer/Bloomberg
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Some of the world’s largest technology companies are complaining to U.S. antitrust regulators about Nvidia Corp.’s acquisition of Arm Ltd. because the deal will harm competition in an area of the industry that is vital to their businesses.
Alphabet Inc.’s Google, Microsoft Corp. and Qualcomm Inc. are among companies worried about the $40 billion deal and are urging antitrust officials to intervene, said people familiar with the process who asked not to be identified because they weren’t authorized to speak publicly. At least one of the companies wants the deal killed. Nvidia shares fell as much as 3.1% in New York trading on Friday.