Nvidia's takeover of Arm gets support from Broadcom and other chip heavyweights

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cnbc.com, Jun. 28, 2021 – 

U.S. chip giant Broadcom has come out in support of Nvidia's $40 billion acquisition of U.K. chip designer Arm after other firms raised concerns about the deal.

The agreement, which was announced last September, is being probed by antitrust regulators in the U.S., Europe, China and the U.K. Rival Qualcomm has said that Nvidia could limit the supply of Arm's technology to its competitors or raise prices. Google and Microsoft have raised the same concerns with regulators, according to Bloomberg.

But Hock Tan, president and chief executive of Broadcom, said in a statement shared with CNBC that his company is backing the deal after receiving the necessary assurances.

"Arm is a key partner to Broadcom, and access to its technology is important to our current and future success," said Tan.

"Broadcom supports Nvidia's proposed acquisition of Arm because Nvidia has assured the industry that it will increase the overall investment in Arm's technology and that it will continue to make that technology available to the industry on a fair, reasonable and non-discriminatory basis."

Marvell CEO Matt Murphy told CNBC: "Nvidia has outlined commitments to the Arm ecosystem that address Marvell's concerns over the proposed transaction."

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