Google, Microsoft and Qualcomm protest Nvidia’s acquisition of Arm

Some of the world’s largest technology companies are complaining to US antitrust regulators about Nvidia Corp’s acquisition of Arm because the deal will harm competition in an area of the industry that is vital to their businesses.

Alphabet Inc’s Google, Microsoft Corp. and Qualcomm Inc. are among companies worried about the $40 billion deal and are urging antitrust officials to intervene, said people familiar with the process who asked not to be identified because they weren’t authorised to speak publicly. At least one of the companies wants the deal killed. Nvidia shares fell as much as 3.1 per cent in New York trading on Friday. The acquisition would give Nvidia control over a critical supplier that licenses essential chip technology to the likes of Apple, Intel, Samsung Electronics, Amazon.com and China’s Huawei.