UK government intervenes in Nvidia’s $40bn ARM takeover null

The UK government has intervened in Nvidia’s proposed $40 billion takeover of Cambridge-based chip designer ARM on national security grounds.

Under the powers afforded by the 2002 Enterprise Act, Digital Secretary Oliver Dowden has issued a Public Interest Intervention Notice (PIIN) and instructed the Competitions and Markets Authority (CMA) to begin a ‘phase one’ investigation into the transaction.