Nvidia offers EU concessions worth more than $ 54 billion

BRUSSELS, Oct.6 (Reuters) – Nvidia (NVDA.O) has offered concessions in an attempt to secure EU antitrust approval for its $ 54 billion acquisition of UK chip designer Arm, said on Wednesday a dossier from the European Commission.

The deal announced by the world’s largest graphics and AI chip maker last year has raised concerns in the semiconductor industry about whether Arm could remain a neutral player licensing intellectual property to customers. and rivals.

The EU competition authority, which has not provided details of the concessions in accordance with its policy, has set an October 27 deadline for its decision.

It will now seek feedback from competitors and customers before deciding whether to accept the concessions, demand more, or open a four-month investigation.

Nvidia has said it will maintain Arm as a neutral technology provider as it aims to allay the concerns of customers such as Qualcomm Inc (QCOM.O), Samsung Electronics Co Ltd (005930.KS) and Apple Inc (AAPL. O).

Customers of Arm Broadcom (AVGO.O), MediaTek (2454.TW) and Marvell (MRVL.O) support the deal.

Arm, owned by Japanese company SoftBank Group Corp (9984.T), is a major global semiconductor player. Its designs power almost every smartphone and millions of other devices.

Reporting by Foo Yun Chee; edited by Louise Heavens and Jason Neely

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