Description

CMA closes inquiry into NVIDIA/Arm merger in consequence of acquisition termination

On 8 February 2022, the Competition and Markets Authority (CMA) announced that is closing its investigation into NVIDIA's planned acquisition of Arm Ltd. This followed the announcement by Nvidia on 7 February 2022 regarding the termination of the transaction to acquire Arm, citing regulatory challenges from competition authorities as reason. The CMA had opened its investigation on 6 January 2021 to determine if the merger could negatively impact the competition and innovation in the semiconductor industry. The company Arm licenses the intellectual property (IP) on processing units to developers of semiconductor chipmakers and systems-on-chip. NVIDIA develops graphics processing units and system on chip units for data centres, automotive applications and gaming. Regarding the investigation, CMA noted that the acquisition would have harmed competition because NVIDIA would be able to restrict the access of its competitors to the Arm technology.

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…

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