[ad_1]
Tesla Inc chief executive Elon Musk has flagged competition concerns over Nvidia Corp’s plan to buy UK chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.
E-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd also opposed the deal with U.S. officials, the newspaper reported.
Earlier this year, the U.S. Federal Trade Commission launched a full investigation into the takeover. The results of the investigation are expected in the coming weeks, according to the newspaper.
Tesla, Amazon, Samsung and Nvidia did not immediately respond to a request for comment from Reuters.
Nvidia is expected to seek European Union antitrust approval for the purchase of Arm for $ 54 billion early next month, with regulators set to launch a full-scale investigation after a preliminary examination, people familiar with the case.
Never miss a story! Stay connected and informed with Mint. Download our app now !!
Source link