LONDON (Reuters) – Britain said on Monday it would intervene in SoftBank’s sale of chip designer ARM Holdings to U.S. group Nvidia on national security grounds.
Digital Secretary Oliver Dowden said: “Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds.
“As a next step and to help me gather the relevant information, the UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions.”
(Reporting by Paul Sandle; Editing by Kate Holton)
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