TELSAT.AZ - Create ads
  • 2252

Nvidia refused to buy ARM

   Nvidia has refused to buy ARM for $ 40 billion. On September 13, 2020, Nvidia announced that it would acquire ARM for $ 40 billion. Thus, the company planned to take advantage of all ARM technologies. However, the purchase process, which lasted for 2 years, failed.

   The main reason for this refusal was the protests of companies cooperating with IRC, such as Google, Microsoft, Qualcomm, and the lack of consent of government agencies monitoring the monopoly. Thus, the $ 40 billion purchase process failed. Monopoly regulators such as the FTC did not allow Nvidia to acquire the IRC. The main reason for this is the possibility of a monopoly if technology giants such as ARM are sold to Nvidia. The documents provided by Nvidia to regulators were not considered sufficient for approval. Therefore, Nvidia has announced that the contract with Softbank Group, the main owner of ARM, has been terminated. Following the decision, Nvidia plans to pay $ 1.2 billion in compensation under the contract. ARM officials said that after this decision, ARM`s share documents will be made public and those who wish will be able to receive a share document from the company.

All Azerbaijan
Agdam
Agdash
Agjabedi
Agstafa
Agsu
Astara
Babek
Baku
Balaken
Barda
Beylagan
Bilasuvar
Dashkesan
Fuzuli
Gadabay
Gakh
Ganja
Gazakh
Gobustan
Goranboy
Goychay
Goygol
Goytapa
Guba
Gubadly
Gusar
Hajigabul
Horadiz
Imishli
Ismayilli
Jabrail
Jalilabad
Julfa
Kalbajar
Kangarli
Khachmaz
Khirdalan
Khizi
Khojali
Khojavand
Khudat
Kurdemir
Lachin
Lankaran
Lerik
Masalli
Mingechevir
Nabran
Naftalan
Nakhchivan
Neftchala
Oguz
Ordubad
Qabala
Saatly
Sabirabad
Sadarak
Salyan
Samukh
Shabran
Shahbuz
Shamakhi
Shamkir
Sharur
Sheki
Shirvan
Shusha
Siyazan
Sumgait
Tartar
Tovuz
Ujar
Yardimli
Yevlakh
Zagatala
Zangilan
Zardab