Company Of The Day: Nvidia
What?
Chip behemoth Nvidia (NASDAQ:NVDA) says that it remains committed to its $40 billion acquisition of Arm. Nvidia had set an initial deadline of March 2022 for closing the deal, but that looks unlikely now as regulators in countries including the U.S., the U.K, and China have expressed concerns on anti-competitive and national security grounds.
So What?
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The Arm deal is important to Nvidia, as it could help the company generate higher-margin licensing revenue from other chipmakers. The deal could also enable Nvidia to make deeper inroads into the market for data center chips.
See Our Complete Analysis For Nvidia
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