English Media: "Tesla Opposes Nvidia's Acquisition of ARM"

The Telegraph Reports "Elon Musk Also Joins Opposition"
Also Cites Reports That Amazon and Samsung Electronics Opposed

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Minwoo Lee] A British daily reported that Elon Musk, CEO of the American electric vehicle company Tesla, following the world's largest e-commerce company Amazon and Samsung Electronics, has also expressed opposition to the acquisition of the British semiconductor design company ARM by the American semiconductor company Nvidia.

The British daily The Telegraph, citing multiple sources, reported on the 28th (local time) that CEO Musk has joined the ranks opposing Nvidia's acquisition of ARM. However, it did not disclose when or where Musk made such remarks.

The Telegraph also cited the Sunday Telegraph, the Sunday edition, which reported that Amazon and Samsung Electronics have also expressed opposition to Nvidia's acquisition of ARM to U.S. authorities. It further explained that Amazon and Samsung refused to respond to this. Meanwhile, Samsung Electronics has not made any statement regarding this matter.

Earlier, Nvidia agreed in September last year to acquire ARM from Japan's SoftBank for $40 billion (approximately 47 trillion KRW). Since its establishment in 1990, ARM has provided semiconductor design technology to Apple, Qualcomm, Samsung, and others. ARM's technology has been applied to 95% of smartphones worldwide.

However, various countries' authorities have put a brake on this acquisition. The UK's Competition and Markets Authority (CMA) announced a deep investigation, stating that Nvidia's acquisition of ARM could raise significant concerns about market competition. The U.S. Federal Trade Commission (FTC) is also reported to have launched an investigation into Nvidia's acquisition of ARM earlier this year. For Nvidia to acquire ARM, approval from major competition authorities in the U.S., UK, China, and the European Union (EU) is essential.

This content was produced with the assistance of AI translation services.