Nvidia CEO Optimistic Over Regulatory Support for Arm Acquisition: Bloomberg

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  • NVIDIA Corp NVDA Jensen Huang expresses conviction regarding regulatory approval for the SoftBank Group Corp’s SFTBY SFTBF Arm Ltd acquisition in a deal valued at $40 billion, despite headwinds from Chinese regulators and the U.K. Chinese technology companies, including Huawei Technologies Co, Bloomberg reports.
  • Huang expects China’s and other country’s approval by 2021 or 2022, akin to a previous acquisition that took 18 months to consummate.
  • Meanwhile, Arm’s Chinese unit is amid a legal tussle as its CEO has protested termination by SoftBank.
  • Arm designs the processors and architecture for mobile electronics devices, including Apple Inc’s AAPL in-house M1 chips and Samsung Electronics Co Ltd’s SSNLF Exynos silicon.
  • Nvidia has to pay $2 billion to SoftBank irrespective of the deal’s success.
  • Price action: NVDA shares closed higher by 0.12% at $650.58 on Tuesday.
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