Nvidia Corporation’s (NASDAQ: NVDA) acquisition of British semiconductor company Arm Ltd. is already facing scrutiny in the latter’s home country, and the troubles could be even worse in China, CNBC reports.What Happened: While Nvidia is based in the U.S., and Arm in the United Kingdom, both companies have operations worldwide, including in the European Union and China.Nvidia agreed to a billion purchase agreement for Arm with its parent company — Softbank Group Corp (OTC: SFTBY) — but said the deal would need the approval of authorities in the U.S., the U.K., the E.U., and China.According to Sebastian Hou, the …read more
Source:: Yahoo Finance
