Graphics chip giant Nvidia has reportedly scrapped the $40 billion deal to acquire British chip designer Arm, amid anti-trust probes in the US and Europe.

According to a report in the Financial Times, citing sources, Nvidia will instead spend up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction. 
Arm CEO Simon Segars will reportedly lose his job to Rene Hass, who ran Nvidia`s own Arm business many years ago.

The companies did not respond to the report that came out late on Monday.

The Federal Trade Commission (FTC) in December sued to block Nvidia`s $40 billion acquisition of Arm from Softbank on antitrust grounds.

The deal faced scrutiny from regulators since it was announced last year.

"The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips," the FTC had said in an announcement.

Arm is a core supplier of architecture technology to most semiconductor companies. Its Arm instruction set is at the core of nearly all mobile processors powering smartphones, including those made by Apple and Android devices that use Qualcomm chips.

But the company`s role in the chip industry was historical as a neutral supplier, raising concerns that Nvidia could cut off competitors from essential Arm technology.

Some of Nvidia`s processors also use Arm-designed cores and its Arm architecture, although the company is best known for graphics processors, which use different architecture.

FTC Chair Lina Khan, who was appointed by President Joe Biden to lead the agency shortly after her confirmation earlier this year, has signalled an interest in more robust antitrust enforcement.

The European Commission in October opened an in-depth investigation to assess the $40 billion acquisition of Arm by Nvidia.

Graphics chip giant Nvidia has reportedly scrapped the $40 billion deal to acquire British chip designer Arm, amid anti-trust probes in the US and Europe. According to a report in the Financial Times, citing sources, Nvidia will instead spend up to $1.

Graphics chip giant Nvidia has reportedly scrapped the $40 billion deal to acquire British chip designer Arm, amid anti-trust probes in the US and Europe. According to a report in the Financial Times, citing sources, Nvidia will instead spend up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction. Arm CEO Simon Segars will reportedly lose his job to Rene Hass, who ran Nvidia`s own Arm business many years ago. The companies did not respond to the report that came out late on Monday. The Federal Trade Commission (FTC) in December sued to block Nvidia`s $40 billion acquisition of Arm from Softbank on antitrust grounds. The deal faced scrutiny from regulators since it was announced last year. "The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips," the FTC had said in an announcement. Arm is a core supplier of architecture technology to most semiconductor companies. Its Arm instruction set is at the core of nearly all mobile processors powering smartphones, including those made by Apple and Android devices that use Qualcomm chips. But the company`s role in the chip industry was historical as a neutral supplier, raising concerns that Nvidia could cut off competitors from essential Arm technology. Some of Nvidia`s processors also use Arm-designed cores and its Arm architecture, although the company is best known for graphics processors, which use different architecture. FTC Chair Lina Khan, who was appointed by President Joe Biden to lead the agency shortly after her confirmation earlier this year, has signalled an interest in more robust antitrust enforcement. The European Commission in October opened an in-depth investigation to assess the $40 billion acquisition of Arm by Nvidia.

Nvidia scraps $40 bn Arm deal in a huge blow to Big Tech: Report

Nvidia Corp's planned purchase of British chip designer Arm seems to have raised several eyebrows. After Samsung and Amazon, now Tesla has also raised its concern over the deal.&nbsp;&nbsp;&nbsp;

Tesla Inc CEO Elon Musk has signaled competition concerns over $40 billion Nvidia-Arm deal, a Telegraph report said on Saturday, citing multiple sources.&nbsp;

Watch:&nbsp;Republicans want Biden to pay a political price for the crisis

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Earlier, smartphone maker Samsung Electronics Co Ltd and e-commerce giant Amazon.com Inc also lodged protest against the deal with the US authorities, the report added.&nbsp;&nbsp;&nbsp;

The US Federal Trade Commission had also started an in-depth probe into the takeover. The findings may come in some weeks, as per the report.

Also Read:&nbsp;<a href="https://www.wionews.com/world/biden-says-china-still-withholding-critical-info-on-covid-origins-409068" hreflang="en">Biden says China still withholding 'critical' info on Covid origins</a> &nbsp;&nbsp;

In June, Nvidia Corp submitted an application with the Chinese competition regulators to review a takeover of UK chip designer Arm, the Financial Times had reported, citing people familiar with the matter.&nbsp;&nbsp;&nbsp;

According to Chinese antitrust lawyers, the application sets in motion a period of scrutiny that could take up to 18 months, the report added.&nbsp;&nbsp;&nbsp;

Nvidia had also said it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020.&nbsp;&nbsp;&nbsp;

(With inputs from agencies)&nbsp;

Nvidia Corp's planned purchase of British chip designer Arm seems to have raised several eyebrows. After Samsung and Amazon, now Tesla has also raised its concern over the deal.

Nvidia Corp's planned purchase of British chip designer Arm seems to have raised several eyebrows. After Samsung and Amazon, now Tesla has also raised its concern over the deal. Tesla Inc CEO Elon Musk has signaled competition concerns over $40 billion Nvidia-Arm deal, a Telegraph report said on Saturday, citing multiple sources. Watch: Republicans want Biden to pay a political price for the crisis × Earlier, smartphone maker Samsung Electronics Co Ltd and e-commerce giant Amazon.com Inc also lodged protest against the deal with the US authorities, the report added. The US Federal Trade Commission had also started an in-depth probe into the takeover. The findings may come in some weeks, as per the report. Also Read: Biden says China still withholding 'critical' info on Covid origins In June, Nvidia Corp submitted an application with the Chinese competition regulators to review a takeover of UK chip designer Arm, the Financial Times had reported, citing people familiar with the matter. According to Chinese antitrust lawyers, the application sets in motion a period of scrutiny that could take up to 18 months, the report added. Nvidia had also said it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020. (With inputs from agencies)

Now, Tesla CEO Elon Musk signals competition concerns over Nvidia-Arm deal: Report 

Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. 
 
The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the report added. 
 
Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020. 
 
In February, Bloomberg News reported that the US&nbsp;Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm.

Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.

Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the report added. Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020. In February, Bloomberg News reported that the US Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm.

Nvidia seeks Chinese regulators' nod for $40bn deal to aquire chip firm Arm: Report

After a rollercoaster year for the tech world, many industry leaders are looking to the cutting edge for salvation.

As tech industry players converge in Las Vegas for the 2018 Consumer Electronics Show, an overriding theme is that gizmos, artificial intelligence, cloud computing and superfast internet connections hold answers to many if not all ills -- the new religion.

One of the world&#39;s largest trade shows, CES is drawing an expected 170,000 people and 40,000 exhibitors from dozens of countries showing wares in robotics, digital health, artificial intelligence, sports and more.

Technology will continue to improve communication, enchanting us with bolder and brighter screens, exhibitors say -- but it additionally vows to end urban congestion, treat cancer and depression, and help us live fitter and more productive lives.

Jensen Huang, chief executive of the computer chip and artificial intelligence group Nvidia, said advances in machine learning have opened up vast possibilities, including the ability of software writing software.

&quot;This means we can solve previously unsolvable problems,&quot; Huang told a media event Sunday, ahead of the official Tuesday opening of the trade event.

Some exhibitors envision a world where self-driving cars could be summoned any time of the day, eliminating struggles to find parking or petrol stations.

Machines would tend to the tedium of traffic, which would run smoother since vehicles would wirelessly &quot;talk&quot; to one another to optimize travel efficiency.

A new &quot;intuitive and intelligent&quot; car from Chinese startup Byton aims to tackle the billions of hours lost to traffic congestion around the world each year.&nbsp;

Those times lost &quot;could be used for things which are so much more fulfilling,&quot; Henrik Wenders, vice president of Byton, said Sunday at one of the first media events at the show.

While tech is being touted as a solution to many ills, there is also a darker side, noted analyst Bob O`Donnell of Technalysis Research.

&quot;Tech is being seen as the cure for everything, but it can also be the cause of societal issues,&quot; O&#39;Donnell said, citing concerns over cybersecurity and a recently revealed flaw in computer chip technology that could leak data.

&quot;Most people in tech are optimistic, but they may be naively optimistic.&quot;Robin Raskin, who heads the CES segment called Living in Digital Times, pointed to advances in health and medicine in recent years, particularly new technologies to assess cancer and treatment possibilities.

Startups and major firms are also using new apps and technologies to tackle diabetes and depression.

One startup on Sunday unveiled eye-tracking technology to analyze ailments including autism, concussions and Parkinson&#39;s disease.

RightEye co-founder and chief executive Adam Gross heralded the technology as &quot;a game-changer&quot; for the healthcare and sports industries, emphasizing the ability to quickly and accurately generate &quot;amazing insights&quot; into health, vision and performance.

In collaboration with doctors or trainers, the information could be used to guide therapies or exercise routines.

&quot;The potential for this technology to change people`s lives around the world is incredible and really exciting,&quot; Gross said.

Technology will automate and augment the treatment of disease in the years ahead, predicted Consumer Technology Association research manager Lesley Rohrbaugh.

&quot;You can talk with a health care provider through an app, and get remote monitoring,&quot; Rohrbaugh said, speaking at CES.

&quot;You can visit your doctor without actually physically visiting them.&quot;

Virtual reality is also being incorporated into therapy, used to treat traumas, phobias and even dementia from ageing, according to Rohrbaugh.

As much of the global population migrates to urban areas, technology is powering &quot;smart cities&quot; -- where sensors, cameras and cloud computing work like house elves to manage needs like recycling, trash disposal, traffic, pollution and road repairs.

Inside homes, devices can make sure water and air stay clean, and that people are sleeping well.

Technology can also keep us safe, exhibitors say. Biometrics including fingerprint, iris and facial recognition are being built into smartphones, computers and padlocks as security features.

Robots, meanwhile, are being designed to do everything from patrol oceans for fish poachers to watching after us, especially as we age.

Tech industry players converge in Las Vegas for the 2018 Consumer Electronics Show

After a rollercoaster year for the tech world, many industry leaders are looking to the cutting edge for salvation. As tech industry players converge in Las Vegas for the 2018 Consumer Electronics Show, an overriding theme is that gizmos, artificial intelligence, cloud computing and superfast internet connections hold answers to many if not all ills -- the new religion. One of the world's largest trade shows, CES is drawing an expected 170,000 people and 40,000 exhibitors from dozens of countries showing wares in robotics, digital health, artificial intelligence, sports and more. Technology will continue to improve communication, enchanting us with bolder and brighter screens, exhibitors say -- but it additionally vows to end urban congestion, treat cancer and depression, and help us live fitter and more productive lives. Jensen Huang, chief executive of the computer chip and artificial intelligence group Nvidia, said advances in machine learning have opened up vast possibilities, including the ability of software writing software. "This means we can solve previously unsolvable problems," Huang told a media event Sunday, ahead of the official Tuesday opening of the trade event. Some exhibitors envision a world where self-driving cars could be summoned any time of the day, eliminating struggles to find parking or petrol stations. Machines would tend to the tedium of traffic, which would run smoother since vehicles would wirelessly "talk" to one another to optimize travel efficiency. A new "intuitive and intelligent" car from Chinese startup Byton aims to tackle the billions of hours lost to traffic congestion around the world each year. Those times lost "could be used for things which are so much more fulfilling," Henrik Wenders, vice president of Byton, said Sunday at one of the first media events at the show. While tech is being touted as a solution to many ills, there is also a darker side, noted analyst Bob O`Donnell of Technalysis Research. "Tech is being seen as the cure for everything, but it can also be the cause of societal issues," O'Donnell said, citing concerns over cybersecurity and a recently revealed flaw in computer chip technology that could leak data. "Most people in tech are optimistic, but they may be naively optimistic."Robin Raskin, who heads the CES segment called Living in Digital Times, pointed to advances in health and medicine in recent years, particularly new technologies to assess cancer and treatment possibilities. Startups and major firms are also using new apps and technologies to tackle diabetes and depression. One startup on Sunday unveiled eye-tracking technology to analyze ailments including autism, concussions and Parkinson's disease. RightEye co-founder and chief executive Adam Gross heralded the technology as "a game-changer" for the healthcare and sports industries, emphasizing the ability to quickly and accurately generate "amazing insights" into health, vision and performance. In collaboration with doctors or trainers, the information could be used to guide therapies or exercise routines. "The potential for this technology to change people`s lives around the world is incredible and really exciting," Gross said. Technology will automate and augment the treatment of disease in the years ahead, predicted Consumer Technology Association research manager Lesley Rohrbaugh. "You can talk with a health care provider through an app, and get remote monitoring," Rohrbaugh said, speaking at CES. "You can visit your doctor without actually physically visiting them." Virtual reality is also being incorporated into therapy, used to treat traumas, phobias and even dementia from ageing, according to Rohrbaugh. As much of the global population migrates to urban areas, technology is powering "smart cities" -- where sensors, cameras and cloud computing work like house elves to manage needs like recycling, trash disposal, traffic, pollution and road repairs. Inside homes, devices can make sure water and air stay clean, and that people are sleeping well. Technology can also keep us safe, exhibitors say. Biometrics including fingerprint, iris and facial recognition are being built into smartphones, computers and padlocks as security features. Robots, meanwhile, are being designed to do everything from patrol oceans for fish poachers to watching after us, especially as we age.

Tech loyalists gather to worship at Mecca of innovation

Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with US firm Nvidia, which is best known for its graphics technology in computer games to develop software systems for self-driving cars.

A joint venture between Volvo which is owned by China&#39;s Zhejiang Geely Holdings and Autoliv will work with Nvidia to develop systems that use artificial intelligence to recognise objects around vehicles, anticipate threats and navigate safely.

The venture set up last year, called Zenuity, will provide Volvo Cars with self-driving software which Autoliv will also be able to sell to other carmakers.

Volvo said it aims to have almost fully autonomous cars for sale by 2021.

Volvo has been using Nvidia&#39;s artificial intelligence systems in a pilot of semi-autonomous vehicles in its hometown Gothenburg in southern Sweden since the start of the year.

Nvidia, which also has partnerships with carmakers Toyota, Audi, and Mercedes, is among the more popular technology partners in the self-driving car race.

German carmaker BMW has joined forces with US chipmaker Intel and Mobileye, the Israeli vision system and mapping expert, to develop a self-driving platform, which is targeted for production in 2021.

US parts maker Delphi Automotive and tyremaker Continental has since joined the tie-up.

In April, Germany&#39;s Daimler formed a similar alliance with supplier Robert Bosch to speed development of self-driving vehicles.

The collaboration will develop systems that will use artificial intelligence to recognise objects around vehicles, anticipate threats and navigate safely

Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with US firm Nvidia, which is best known for its graphics technology in computer games to develop software systems for self-driving cars. A joint venture between Volvo which is owned by China's Zhejiang Geely Holdings and Autoliv will work with Nvidia to develop systems that use artificial intelligence to recognise objects around vehicles, anticipate threats and navigate safely. The venture set up last year, called Zenuity, will provide Volvo Cars with self-driving software which Autoliv will also be able to sell to other carmakers. Volvo said it aims to have almost fully autonomous cars for sale by 2021. Volvo has been using Nvidia's artificial intelligence systems in a pilot of semi-autonomous vehicles in its hometown Gothenburg in southern Sweden since the start of the year. Nvidia, which also has partnerships with carmakers Toyota, Audi, and Mercedes, is among the more popular technology partners in the self-driving car race. German carmaker BMW has joined forces with US chipmaker Intel and Mobileye, the Israeli vision system and mapping expert, to develop a self-driving platform, which is targeted for production in 2021. US parts maker Delphi Automotive and tyremaker Continental has since joined the tie-up. In April, Germany's Daimler formed a similar alliance with supplier Robert Bosch to speed development of self-driving vehicles.

Volvo and Autoliv team up with Nvidia for self-driving cars

German carmaker Volkswagen will cooperate with US chipmaker Nvidia on deep learning software that could be used to manage traffic flows or make it easier for humans to work with robots.

&quot;Artificial intelligence is the key to the digital future of the Volkswagen Group,&quot; Volkswagen Chief Information Officer Martin Hofmann said. &quot;We want to develop and deploy high-performance AI systems ourselves. This is why we are expanding our expert knowledge required. Cooperation with Nvidia will be a major step in this direction.&quot;

Nvidia came to prominence in the gaming industry for designing graphics processing chips, but in recent years has been a key player in the automotive sector for providing the so-called &quot;brain&quot; of the autonomous vehicle.

The US-based group separately announced it was also partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.

The partnership will work on deep learning software that could be used to manage traffic flows or make it easier for humans to work with robots.

German carmaker Volkswagen will cooperate with US chipmaker Nvidia on deep learning software that could be used to manage traffic flows or make it easier for humans to work with robots. "Artificial intelligence is the key to the digital future of the Volkswagen Group," Volkswagen Chief Information Officer Martin Hofmann said. "We want to develop and deploy high-performance AI systems ourselves. This is why we are expanding our expert knowledge required. Cooperation with Nvidia will be a major step in this direction." Nvidia came to prominence in the gaming industry for designing graphics processing chips, but in recent years has been a key player in the automotive sector for providing the so-called "brain" of the autonomous vehicle. The US-based group separately announced it was also partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.

Volkswagen, Nvidia to cooperate on artificial intelligence

Chipmaker Nvidia Corp reported its fastest quarterly sales growth in nearly five years, powered by strong demand for the company&#39;s processors used in gaming computers and in data centres. 
 
Shares of the company, which also forecasts current-quarter revenue above analysts&#39; estimates, were up about 3 per cent at $61.43 in after-hours trading on Thursday, on pace to open at a record high on Friday. 
 
Nvidia has emerged as a dominant player in the high-end PC gaming market, where its chips power graphics for popular video games such as &quot;Grand Theft Auto&quot; and &quot;Call of Duty&quot;.&nbsp;The gaming division accounts for more than half of the company&#39;s total revenue. 
 
The company is also benefiting from the rising popularity of e-sports, or competitive games played online for big prize money.&nbsp;Nvidia has been diversifying into fields such as self-driving cars, virtual reality and into making processing units for deep learning, a fast-growing field of artificial intelligence that helps computers crunch and make sense of huge amounts of data. 
 
The chipmaker in May unveiled its GeForce GTX 1080 and 1070 graphics processors (GPUs) based on its Pascal technology. 
 
&quot;Strong demand for our new Pascal-generation GPUs and surging interest in deep learning drove record results,&quot; Chief Executive Jen-Hsun Huang said in a statement. 
 
Jen-Hsun Huang said on a post-earnings call that he expected deep learning to drive growth in the current quarter as well.&nbsp;Data centres have emerged as a growth engine for the company, notching a near 110 per cent jump in sales in the latest quarter from a year earlier. 
 
Revenue from the company&#39;s gaming business, which makes chips that render graphics in video games, rose 18.3 per cent to $781 million in the second quarter ended July 31. 
 
&quot;Nvidia had a great quarter and appear to be hitting on all cylinders,&quot; said analyst Patrick Moorhead of Moor Insights &amp; Strategy.&nbsp;Nvidia forecast revenue to increase to $1.68 billion plus or minus two percent in the current quarter. Analysts on average had expected a rise to $1.45 billion, according to Thomson Reuters I/B/E/S. 
 
Revenue rose about 24 per cent to a record $1.43 billion in the three months ended July, topping analysts&#39; average estimate of $1.35 billion.&nbsp;Nvidia&#39;s net income soared to $253 million, or 40 cents per share, in the latest quarter from $26 million, or five cents per share, a year earlier. 
 
Analysts on average had expected a profit of 37 cents per share.&nbsp;Up to Thursday&#39;s close of $59.70, the company&#39;s shares had gained about 81 per cent this year. 
 
(Reuters)

The US company makes chips for games like Call of Duty and Grand Theft Auto, and is diversifying into self-driving cars and virtual realiy

Chipmaker Nvidia Corp reported its fastest quarterly sales growth in nearly five years, powered by strong demand for the company's processors used in gaming computers and in data centres. Shares of the company, which also forecasts current-quarter revenue above analysts' estimates, were up about 3 per cent at $61.43 in after-hours trading on Thursday, on pace to open at a record high on Friday. Nvidia has emerged as a dominant player in the high-end PC gaming market, where its chips power graphics for popular video games such as "Grand Theft Auto" and "Call of Duty". The gaming division accounts for more than half of the company's total revenue. The company is also benefiting from the rising popularity of e-sports, or competitive games played online for big prize money. Nvidia has been diversifying into fields such as self-driving cars, virtual reality and into making processing units for deep learning, a fast-growing field of artificial intelligence that helps computers crunch and make sense of huge amounts of data. The chipmaker in May unveiled its GeForce GTX 1080 and 1070 graphics processors (GPUs) based on its Pascal technology. "Strong demand for our new Pascal-generation GPUs and surging interest in deep learning drove record results," Chief Executive Jen-Hsun Huang said in a statement. Jen-Hsun Huang said on a post-earnings call that he expected deep learning to drive growth in the current quarter as well. Data centres have emerged as a growth engine for the company, notching a near 110 per cent jump in sales in the latest quarter from a year earlier. Revenue from the company's gaming business, which makes chips that render graphics in video games, rose 18.3 per cent to $781 million in the second quarter ended July 31. "Nvidia had a great quarter and appear to be hitting on all cylinders," said analyst Patrick Moorhead of Moor Insights & Strategy. Nvidia forecast revenue to increase to $1.68 billion plus or minus two percent in the current quarter. Analysts on average had expected a rise to $1.45 billion, according to Thomson Reuters I/B/E/S. Revenue rose about 24 per cent to a record $1.43 billion in the three months ended July, topping analysts' average estimate of $1.35 billion. Nvidia's net income soared to $253 million, or 40 cents per share, in the latest quarter from $26 million, or five cents per share, a year earlier. Analysts on average had expected a profit of 37 cents per share. Up to Thursday's close of $59.70, the company's shares had gained about 81 per cent this year. (Reuters)

Nvidia Corp quarterly growth fastest in five years

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