UK intervenes in Nvidia's takeover of ARM on national security grounds



© Reuters. FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara

LONDON (Reuters) – Britain said on Monday it would intervene in SoftBank’s sale of chip designer ARM Holdings (LON:) to U.S. group Nvidia on national security grounds.

Digital Secretary Oliver Dowden said: “Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds.

“As a next step and to help me gather the relevant information, the UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions.”

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