Bloomberg: Nvidia is ready to abandon the acquisition of ARM

According to Bloomberg, people familiar with the matter said that with almost no progress in obtaining approval, Nvidia is ready to abandon the acquisition of British chip design company ARM for $40 billion.

Nvidia has informed partners that it does not expect the deal to be completed, the source said. Another source revealed that SoftBank is stepping up preparations for ARM's initial public offering as an alternative to the Nvidia acquisition.

According to Reuters, Nvidia did not immediately respond to Reuters' request for comment.

In September 2020, Nvidia announced a $40 billion acquisition of ARM, a British chip design giant owned by SoftBank Group. According to the original plan, Nvidia will complete the acquisition of ARM within 18 months of the announcement of the acquisition in September 2020, that is, in March 2022.

However, the acquisition plan has been closely watched and blocked by antitrust regulators from countries such as the United Kingdom, the United States and Europe, which are worried that the transaction will weaken the competitiveness of regional markets.