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Nvidia offers EU concessions over $54 billion Arm deal

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The emblem of Nvidia Company is seen in the course of the annual Computex laptop exhibition in Taipei, Taiwan Could 30, 2017. REUTERS/Tyrone Siu

BRUSSELS, Oct 6 (Reuters) – Nvidia has supplied concessions in a bid to safe EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a European Fee submitting confirmed on Wednesday.

The deal introduced by world’s greatest maker of graphics and AI chips final yr has sparked issues within the semiconductor business over whether or not Arm might stay a impartial participant licensing mental property to prospects and rivals.

The EU competitors enforcer, which didn’t present particulars of the concessions according to its coverage, set an Oct. 27 deadline for its choice.

It can now search suggestions from rivals and prospects earlier than deciding whether or not to just accept the concessions, demand extra or open a four-month lengthy investigation.

Nvidia has stated it might keep Arm as a impartial know-how provider because it goals to allay issues from prospects corresponding to Qualcomm Inc , Samsung Electronics Co Ltd and Apple Inc .

Arm prospects Broadcom , MediaTek and Marvell are supporters of the deal.

Arm, owned by Japan’s SoftBank Group Corp , is a serious participant in international semiconductors. Its designs energy practically each smartphone and hundreds of thousands of different gadgets.

Reporting by Foo Yun Chee; enhancing by Louise Heavens and Jason Neely

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