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Nvidia's proposed acquisition of Arm gets boost from chip giants

Bloomberg
Bloomberg6/27/2021 11:28 PM GMT+08  • 1 min read
Nvidia's proposed acquisition of Arm gets boost from chip giants
Broadcom Corp., MediaTek Inc. and Marvell Technology Group Ltd. are the first customers to publicly support the takeover.
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Nvidia Corp.’s US$40 billion ($53.65 billion) proposed acquisition of UK semiconductor group Arm Ltd. got a boost after three of the world’s largest chipmakers expressed support for the controversial deal.

Broadcom Corp., MediaTek Inc. and Marvell Technology Group Ltd. are the first customers of the Cambridge, UK-based Arm to publicly support the takeover, which has raised concerns on national security grounds, the Sunday Times reported.

The endorsement comes as the UK Competition and Markets Authority prepares to deliver a review that may oppose the takeover. The potential deal is also being reviewed in the US, European Union and China.

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