play_arrow
Welcome to Online Radio
The Leading Lifestyle Internet Radio
play_arrow
Music 24/7 - Africana
Online Radio
play_arrow
Music 24/7 - International
Online Radio
play_arrow
Music 24/7 - Gospel
Online Radio
play_arrow
Music 24/7 - Latin America
Online Radio
play_arrow
Talk Shows - Stay Updated
Online Radio
play_arrow
Pillars and Plants - Gospel
Online Radio
play_arrow
Audio Stories - A new movie experience
Online Radio
The U.K. has opened a formal investigation into Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds.
On Monday, Britain’s Digital Secretary, Oliver Dowden issued a Public Interest Intervention Notice (PIIN).
According to him, It’s not clear what the national security grounds are but the Department for Digital, Culture, Media and Sport but “considered advice received from officials across the investment security community.”
Dowden said he has written to the U.K. competition watchdog and asked them to start a “phase one” investigation into the transaction, which was announced in September.
The Competition and Markets Authority has been instructed to compile a comprehensive report for Dowden on the competition and national security aspects of the deal before July 30 with this, Dowden could then approve the deal, permit it on certain conditions, or ask for a more detailed inquiry.
“Following careful consideration of the proposed takeover of Arm, I have today issued an intervention notice on national security grounds,” Dowden said in a statement.
He added that “We want to support our thriving U.K. tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this”.
The American space agency has successfully conducted the first controlled flight on another planet on Monday. The drone, called Ingenuity, flew less than a minute above the red planet, but […]
Post comments (0)