Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion (roughly Rs. 4,05,180 crores) acquisition of British chip designer Arm, a European Commission filing showed on Wednesday.
The deal announced by world’s biggest maker of graphics and AI chips last year has sparked concerns in the semiconductor industry over whether Arm could remain a neutral player licensing intellectual property to customers and rivals.
The EU competition enforcer, which did not provide details of the concessions in line with its policy, set an October 27 deadline for its decision.
It will now seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a four-month long investigation.
Arm, owned by Japan’s SoftBank Group, is a major player in global semiconductors. Its designs power nearly every smartphone and millions of other devices.
© Thomson Reuters 2021