ChipsQuartzabout 1 hour ago
Nvidia Abandons $40 Billion Arm Deal
16 min read
In February 2022, Nvidia abandoned its bid to acquire Arm Holdings for $40 billion after the U.S. Federal Trade Commission sued to block the purchase in December 2021. U.K. and EU regulators also raised concerns about the transaction. Rene Haas subsequently became Arm's CEO in that same month, succeeding Simon Segars, before the company listed on Nasdaq in September 2023.
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