Nvidia asks Chinese regulators to approve $40 billion deal with UK chipmaker

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Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.

The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the report added.

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Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan’s SoftBank Group in September 2020.

In February, Bloomberg News reported that the US Federal Trade Commission had opened an in-depth probe into Nvidia’s agreement to buy Arm.

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