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France 24

Business

Chips are down: Nvidia abandons $40 billion deal to purchase Arm Holdings

Arm Holdings Nvidia United States European Union Britain United Kingdom

BUSINESS DAILY © FRANCE 24

It was the biggest ever deal in the chipmaking industry, but US firm Nvidia has abandoned its planned $40 billion purchase of Britain's Arm Holdings. The sale was called off after pressure from regulators in the UK, EU and US. Softbank, Arm's current owner, is planning to float the company on the stock market instead. Also today, we look ahead to the announcement of EU plans to boost semiconductor production.

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