America's Federal Trade Commission (FTC) is suing to block the $40bn takeover of UK chip designer Arm Holdings by America's Nvidia
"The FTC's lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations."
It said that during its investigation of the deal it had worked closely with competition watchdogs in the EU, UK, Japan and South Korea. that the deal could weaken rivals and stifle innovation and recommended that it should be more closely examined in a"phase two" probe.
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