Skip to main content

Featured Post

AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
1 comment
Read more
Labels

UK likely to block Nvidia’s purchase of Arm, will carry out national security review

Nvidia is a brand that is synonymous with gaming and creative work, with it manufacturing some of the best graphic cards currently available in the market. To broaden its business purview, it had signed a definitive agreement to purchase Arm, which is a semiconductor and software design company that develops the widely-used ARM architecture.

Even though the agreement was signed over a year ago, back in September 2020, both the firms are still facing various regulatory loopholes, like an investigation by the European Commission. Now, another roadblock has presented itself in the form of a national security review by the United Kingdom.

The Competition and Markets Authority of the UK according to Bloomberg has been instructed to carry out a national security review of the Arm purchase. The authority has already conducted an initial report, which states that the sale would result in “substantial lessening of competition across four key markets.” These markets would include data centres, Internet of Things devices, the automotive sector and gaming applications.

To appease regulators and other authorities, Nvidia has promised that it will maintain Arm’s current neutral licensing model.

The Competition and Markets Authority led investigation is said to take 24 weeks along with additional eight weeks of extension.

“Arm has a unique place in the global technology supply chain and we must make sure the implications of this transaction are fully considered. The CMA will now report to me on competition and national security grounds and provide advice on the next steps,” said Digital Secretary Nadine Dorries in a statement.

To recall, the European Commission had earlier opened an investigation, which primarily focused on potential anti-competitive measures.

Nvidia back in September 2020 had announced that the acquisition was scheduled to be completed within 18 months. However, the ongoing investigations might delay the overall acquisition timeline. Even Nvidia CEO, Jensen Huang in August commented that the deal may take a little bit longer than expected.

The post UK likely to block Nvidia’s purchase of Arm, will carry out national security review appeared first on BGR India.



from BGR India https://ift.tt/3DtljBu
via IFTTT
Email Post
Labels:

Comments

Post a Comment

add