The Federal Trade Commission (FTC) on Thursday sued to block Nvidia Corp’s acquisition of Arm from SoftBank. The move, first announced in 2020, has drawn sharp scrutiny on both sides of the Pacific and Atlantic. But the FTC’s move may put a stop to it altogether without changes. A trial before the FTC’s a administrative law judge is set to begin August of 2022.
The complaint alleges that the proposed merger would give Nvidia the ability and incentive to use Arm to undermine its competitors. The government says that will reduce competition, inflate prices and reduce innovation.
