Leading designer and manufacturer of graphics processors Nvidia Corporation. (NVDA) has submitted an application to Chinese competition regulators urging them to review a $40 billion takeover deal of UK chip designer Arm.
Nvidia made the takeover bid a few weeks ago, Chinese antitrust lawyers said the potential deal is subject to regulatory approval which can take up to 18 months depending on the scrutiny exercise.
Back in last month, Nvidia said it’s anticipating to close Arm acquisition deal by March next year. The company also inked a deal with Japan based conglomerate SoftBank Group (TYO: 9984) in September last year.
Nvidia’s chief executive officer, Jensen Huang, held an interview last month with Financial Times in which he said Nvidia had initiated the process of engaging Chinese antitrust regulators further adding they were confident as a company that the deal will be cleared within the time it expects to close the deal.
