FTC sues to block big semiconductor chip industry merger between Nvidia and Arm
The regulator says the deal would give the combined company too much power, hurt competition and raise prices for consumers. It comes as a global shortage of chips wreaks havoc on the economy.
The Federal Trade Commission on Thursday sued to block a $40 billion deal in which the Silicon Valley chip maker Nvidia sought to buy British chip designer Arm.
Officials with the FTC say the deal, which would be the largest semiconductor-chip merger in history, would give Nvidia unlawful power, hurt competition and raise prices for consumers.
"Tomorrow's technologies depend
