Jumat, 20 Agustus 2021

NVIDIA CEO admits Arm acquisition is taking longer than expected

NVIDIA's cash-and-stock agreement offer currently stands at $54.3 billion. What you need to know NVIDIA says its acquisition of Arm is very likely to stretch beyond the 18-month deal timeframe. The deal is currently being scrutinized by regulators in the U.S., U.K., and China. NVIDIA CEO Jensen Huang is still hopeful of completing the acquisition by the end of 2022. NVIDIA has finally admitted that its acquisition of British chip designer Arm is taking longer than it had expected. The deal was announced in September last year and is scheduled to be completed by March 2022. "Our discussions with regulators are taking longer than initially thought, so it's pushing out the timetable, " Huang told the Financial Times. He added that the company is confident in the deal and hopeful that regulators will "recognize the benefits of the acquisition." In addition to regulators, the deal also faces opposition from chip companies that rely on Arm's core designs. In the U.K., the governme...
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