United Kingdom: Issuance of public interest intervention notice by the Secretary of State for Digital, Culture, Media and Sport includes two consultation periods

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Description

Issuance of public interest intervention notice by the Secretary of State for Digital, Culture, Media and Sport includes two consultation periods

On 19 April 2021, the Secretary of State for Digital, Culture, Media and Sport issued a public interest intervention notice (PIIN). The consequence of this intervention is, that now the Secretary of State will interpret the effects of the planned merger between NVIDIA and Arm Ltd. on competition, as well as on public interest. Furthermore, it will be the Secretary of State that will decide on the matter of initiating an in-depth investigation (phase 2) into the planned acquisition. Finally, the CMA opened two consultation periods as a result. One consultation will be focused on the effects of the merger on national security and will run until 14 May 2021, while the other one will run until 17 May 2021 and is centred around the effects on competition, as stated in the merger provisions of the Enterprise Act 2002.

Original source

Scope

Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
semiconductors
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2021-01-06
in consultation

On 6 January 2021, the Competition and Markets Authority (CMA) launched an investigation into NVIDI…

2021-01-27
processing consultation

On 27 January 2021, the consultation period that was part of the merger inquiry by the Competition …

2021-04-19
in consultation

On 19 April 2021, the Secretary of State for Digital, Culture, Media and Sport issued a public inte…

2021-05-14
processing consultation

On 14 May 2021, the consultation period on the effects of NVIDIA's planned acquisition of Arm Ltd. …

2021-05-17
processing consultation

On 17 May 2021, the consultation period on the effects of NVIDIA's planned acquisition of Arm Ltd. …

2021-08-20
under deliberation

On 20 August 2021, the Competition and Markets Authority (CMA) released a summary of its report reg…

2022-02-08
concluded

On 8 February 2022, the Competition and Markets Authority (CMA) announced that is closing its inves…