(Reuters) – The US Federal Trade Commission has opened an in-depth investigation into Nvidia Corp’s agreement to acquire Arm Ltd, Bloomberg reported Friday, citing a source.
According to Bloomberg, the FTC has sent information requests to third parties.
The FTC and Nvidia have not responded to requests for comment outside of regular working hours.
Nvidia struck a deal with Japan’s SoftBank Group in September to buy UK-based chip designer Arm Holdings for a whopping $ 40 billion.
In addition to the FTC probe, Alphabet Inc, Qualcomm Inc and Microsoft Corp have complained to US antitrust regulators about the deal, the report added, citing people familiar with the process.
Arm Holdings supplies intellectual property to Apple, Qualcomm and a host of others for chips that power nearly all smartphones in the world.
Earlier in January, the UK Competition and Markets Authority said it would launch an investigation into Nvidia’s deal to buy Arm.
Reporting by Tiyashi Datta and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Leslie Adler