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2021-07-31

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Foreign media: China delays review of NVIDIA's acquisition of Arm

NVIDIA 对 ARM 的收购尚未注定，但阻碍其前进的障碍并没有完全消失。正如The Information报道的那样，内部人士表示，中国竞争监管机构甚至还没有开始对 NVIDIA 拟议的收购进行正式审查，这可能需要长达六个月的时间，跨越三个阶段。此外，考虑到 NVIDIA 的交易范围，它可能需要经历两次甚至三次的过程。这个收购案例的特殊之处在于，鉴于 NVIDIA 和 ARM 的申请已经提交，中国监管机构为何没有开始审查此案，这一点尚不清楚。

Foreign media: China delays review of NVIDIA's acquisition of Arm

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In the case of EU regulators recently, NVIDIA missed the paperwork filed in July, and now the whole of Europe is on summer vacation. But it's not just Brussels that puts NVIDIA in an awkward position; China's regulators have not accelerated the litigation process either.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111941514v2357mrh1auqm55\"/>As reported by The Information, insiders say China's competition watchdog hasn't even begun a formal review of NVIDIA's proposed acquisition, which could take up to six months, spanning three phases. Furthermore, given NVIDIA's trading range, it may have to go through a process of two or even three times.</p><p>What's special about this acquisition case is that it's unclear why Chinese regulators didn't start reviewing the case, given that NVIDIA and ARM applications have already been filed. The Information speculates that one possible reason for China's failure to take immediate action may be that ARM's two Chinese licensees, Huawei and ZTE, opposed the deal. The extent of the impact of their voiced objections also remains unclear.</p><p>However, Huawei and ZTE aren't the only companies not tapping into the deal. In many dislikes<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Among the companies currently trying to acquire,<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>Also made a sound.</p><p>And, to complicate matters more, ARM China is currently trying to fire its CEO, Allen Wu, even if he refuses to leave, which is the root of the extended lawsuit because Wu is essentially, as The Information puts it, a \"plaintiff and defendant\".</p><p>In short, Nvidia has a long way to go to swallow up ARM and continue its operations, thanks in large part to China and the European Union taking the time to evaluate the deal.</p><p>The resistance to the acquisition is not just that. Earlier this month, there were reports that Nvidia's $40 billion (£ 29 billion) acquisition of British chip giant Arm was at risk of further delays as Brussels competition regulators are preparing for the summer, sparking speculation that it may be forced to cancel its plans to go public.</p><p>Separately, the buyer of the deal, U.S. fabless Nvidia, has yet to submit documents to the European Commission. Due to the EU summer vacation that started on Monday, that means it is unlikely that the deal will be completed before September now. Because even after the application is received by the regulator, it is still possible that it will take six months or more to make a decision.</p><p>Jonathan Branton, head of competition at law firm DWF, said: \"No regulator will allow itself to be cornered and have to make a decision within a time frame that is not satisfied with it.\"</p><p>Nvidia said the deal could take up to 18 months to close around March 2022, with an option to extend until September 2022. It faces opposition from rivals who claim that taking control of Arm's key technology would unfairly favor the market in Nvidia's favor.</p><p>Arm's current owner, Japan's SoftBank, still wants to close the deal, which would make it a major shareholder in Nvidia. Its shares are up 50% since the deal was announced.</p><p>However, trading insiders say stock market circulation is still under consideration if delays and competitive hurdles prove insurmountable. New York is seen as the most likely location, but one source said there is no formal process yet.</p><p>Arm CEO Simon Segars denied the possibility.</p><p>\"Arm has no IPO plans and we are 100% focused on closing this deal,\" he said.</p><p>Mr Segars has previously spoken out against going public, arguing that Arm needs more investment to expand into data centers and artificial intelligence, which is impossible as a public company.</p><p>Earlier this month, Mr. Segars wrote: \"The merger of Arm and Nvidia is better than an IPO [initial public offering]. The level of investment required to lead the way in AI will be unprecedented.\"</p><p>Arm, headquartered in Cambridge, designs processors for billions of smartphones and is seen as a key part of the chip supply chain.</p><p>In early July, the UK's Competition and Markets Authority submitted a report to Culture Secretary Oliver Dowden on whether the deal should be blocked in the interests of national security. Regulators in the United States and China are also considering the deal. A government spokesman declined to comment on when the minister would make a decision on the watchdog's findings.</p><p>* Disclaimer: This article was originally created by the author. The content of the article is the author's personal opinion. The reprint of Semiconductor Industry Observation is only to convey a different view. It does not mean that Semiconductor Industry Observation agrees or supports this view. If you have any objections, please contact Semiconductor Industry Observation.</p><p><strong>Today is the 2752nd content shared by \"Semiconductor Industry Observer\" with you. Welcome to pay attention.</strong></p><p>Recommended Reading</p><p>★ Server chip market brewing changes</p><p>★<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Is it Japan's answer?</p><p>★<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>: unpredictable</p><p>Semiconductor Industry Watch</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111952527v235hwp0mgic0xy\"/>『<strong>Semiconductor first vertical medium</strong>』</p><p><strong>Real-time professional original depth</strong></p><p><strong>Identify the QR code</strong>, reply to the keywords below, read more</p><p>Wafer | Integrated Circuit | Device | Automotive Chip | Storage | MLCC | NVIDIA | Analog Chip</p><p>reply<strong>contribute</strong>, see \"How to Become a Member of\" Semiconductor Industry Observation \"\"</p><p>reply<strong>Search</strong>, and you can easily find other articles that you are interested in!</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111953841v235jz4jzajo1qx\"/></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foreign media: China delays review of NVIDIA's acquisition of Arm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForeign media: China delays review of NVIDIA's acquisition of Arm\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">半导体行业观察</strong><span class=\"h-time small\">2021-07-31 11:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111935156v235uxxztjfjc1l\"/>Source: The content is compiled by Semiconductor Industry Observation (ID: icbank) from windowscentral and the Internet, thank you.</p><p>NVIDIA's acquisition of ARM isn't doomed, but the obstacles holding it back haven't completely disappeared. In the case of EU regulators recently, NVIDIA missed the paperwork filed in July, and now the whole of Europe is on summer vacation. But it's not just Brussels that puts NVIDIA in an awkward position; China's regulators have not accelerated the litigation process either.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111941514v2357mrh1auqm55\"/>As reported by The Information, insiders say China's competition watchdog hasn't even begun a formal review of NVIDIA's proposed acquisition, which could take up to six months, spanning three phases. Furthermore, given NVIDIA's trading range, it may have to go through a process of two or even three times.</p><p>What's special about this acquisition case is that it's unclear why Chinese regulators didn't start reviewing the case, given that NVIDIA and ARM applications have already been filed. The Information speculates that one possible reason for China's failure to take immediate action may be that ARM's two Chinese licensees, Huawei and ZTE, opposed the deal. The extent of the impact of their voiced objections also remains unclear.</p><p>However, Huawei and ZTE aren't the only companies not tapping into the deal. In many dislikes<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Among the companies currently trying to acquire,<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>Also made a sound.</p><p>And, to complicate matters more, ARM China is currently trying to fire its CEO, Allen Wu, even if he refuses to leave, which is the root of the extended lawsuit because Wu is essentially, as The Information puts it, a \"plaintiff and defendant\".</p><p>In short, Nvidia has a long way to go to swallow up ARM and continue its operations, thanks in large part to China and the European Union taking the time to evaluate the deal.</p><p>The resistance to the acquisition is not just that. Earlier this month, there were reports that Nvidia's $40 billion (£ 29 billion) acquisition of British chip giant Arm was at risk of further delays as Brussels competition regulators are preparing for the summer, sparking speculation that it may be forced to cancel its plans to go public.</p><p>Separately, the buyer of the deal, U.S. fabless Nvidia, has yet to submit documents to the European Commission. Due to the EU summer vacation that started on Monday, that means it is unlikely that the deal will be completed before September now. Because even after the application is received by the regulator, it is still possible that it will take six months or more to make a decision.</p><p>Jonathan Branton, head of competition at law firm DWF, said: \"No regulator will allow itself to be cornered and have to make a decision within a time frame that is not satisfied with it.\"</p><p>Nvidia said the deal could take up to 18 months to close around March 2022, with an option to extend until September 2022. It faces opposition from rivals who claim that taking control of Arm's key technology would unfairly favor the market in Nvidia's favor.</p><p>Arm's current owner, Japan's SoftBank, still wants to close the deal, which would make it a major shareholder in Nvidia. Its shares are up 50% since the deal was announced.</p><p>However, trading insiders say stock market circulation is still under consideration if delays and competitive hurdles prove insurmountable. New York is seen as the most likely location, but one source said there is no formal process yet.</p><p>Arm CEO Simon Segars denied the possibility.</p><p>\"Arm has no IPO plans and we are 100% focused on closing this deal,\" he said.</p><p>Mr Segars has previously spoken out against going public, arguing that Arm needs more investment to expand into data centers and artificial intelligence, which is impossible as a public company.</p><p>Earlier this month, Mr. Segars wrote: \"The merger of Arm and Nvidia is better than an IPO [initial public offering]. The level of investment required to lead the way in AI will be unprecedented.\"</p><p>Arm, headquartered in Cambridge, designs processors for billions of smartphones and is seen as a key part of the chip supply chain.</p><p>In early July, the UK's Competition and Markets Authority submitted a report to Culture Secretary Oliver Dowden on whether the deal should be blocked in the interests of national security. Regulators in the United States and China are also considering the deal. A government spokesman declined to comment on when the minister would make a decision on the watchdog's findings.</p><p>* Disclaimer: This article was originally created by the author. The content of the article is the author's personal opinion. The reprint of Semiconductor Industry Observation is only to convey a different view. It does not mean that Semiconductor Industry Observation agrees or supports this view. If you have any objections, please contact Semiconductor Industry Observation.</p><p><strong>Today is the 2752nd content shared by \"Semiconductor Industry Observer\" with you. Welcome to pay attention.</strong></p><p>Recommended Reading</p><p>★ Server chip market brewing changes</p><p>★<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Is it Japan's answer?</p><p>★<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>: unpredictable</p><p>Semiconductor Industry Watch</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111952527v235hwp0mgic0xy\"/>『<strong>Semiconductor first vertical medium</strong>』</p><p><strong>Real-time professional original depth</strong></p><p><strong>Identify the QR code</strong>, reply to the keywords below, read more</p><p>Wafer | Integrated Circuit | Device | Automotive Chip | Storage | MLCC | NVIDIA | Analog Chip</p><p>reply<strong>contribute</strong>, see \"How to Become a Member of\" Semiconductor Industry Observation \"\"</p><p>reply<strong>Search</strong>, and you can easily find other articles that you are interested in!</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731111953841v235jz4jzajo1qx\"/></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107311119567c27b299&s=b\">半导体行业观察</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e9352eeb054da879ea3921619a5a8a9c","relate_stocks":{"NVDA":"英伟达"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107311119567c27b299&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2155168541","content_text":"来源：内容由半导体行业观察（ID:icbank）整理自windowscentral及网络，谢谢。NVIDIA 对 ARM 的收购尚未注定，但阻碍其前进的障碍并没有完全消失。以欧盟监管机构最近的情况为例，NVIDIA 错过了 7 月份提交的文书工作，现在整个欧洲都在放暑假。但不仅仅是布鲁塞尔让NVIDIA处于尴尬境地；中国的监管机构也没有加快诉讼进程。正如The Information报道的那样，内部人士表示，中国竞争监管机构甚至还没有开始对 NVIDIA 拟议的收购进行正式审查，这可能需要长达六个月的时间，跨越三个阶段。此外，考虑到 NVIDIA 的交易范围，它可能需要经历两次甚至三次的过程。这个收购案例的特殊之处在于，鉴于 NVIDIA 和 ARM 的申请已经提交，中国监管机构为何没有开始审查此案，这一点尚不清楚。The Information 推测，中国未能立即采取行动的一个可能原因可能是ARM 的两家中国授权商华为和中兴反对这笔交易。他们所表达的反对意见的影响程度也仍不清楚。然而，华为和中兴并不是唯一没有挖掘这笔交易的公司。在许多不喜欢英伟达当前收购尝试的公司中，高通也发出了声音。而且，更复杂的是，ARM 中国目前正试图将其首席执行官艾伦·吴（Allen Wu）开除，即使他拒绝离开，这也是延长诉讼的根源，因为吴在正如 The Information 所说，本质上是“原告和被告”。简而言之，英伟达要吞并 ARM 并继续其运营还有很长的路要走，这在很大程度上要归功于中国和欧盟花时间评估这笔交易。这笔收购案所受到的阻力不仅仅在于此，在本月早些时间，也有报道称英伟达以 400 亿美元（290 亿英镑）的价格收购英国芯片巨头 Arm 的交易面临进一步延迟的风险，因为布鲁塞尔的竞争监管机构正在为夏季做准备，这引发外界猜测它可能被迫取消上市计划。另外，该交易的买方——美国无晶圆厂英伟达仍未向欧盟委员会提交文件。由于周一开始的欧盟暑假，那就意味着现在不太可能在 9 月之前完成交易。因为即使在监管机构收到申请后，仍有可能需要六个月或更长时间才能做出决定。DWF 律师事务所竞争主管Jonathan Branton）表示：“任何监管机构都不会允许自己被逼入绝境，不得不在其不满意的时间范围内做出决定。”英伟达表示，这笔交易可能需要长达 18 个月的时间，在 2022 年 3 月左右完成，并可选择延长至 2022 年 9 月。它面临着竞争对手的反对，他们声称控制 Arm 的关键技术将不公平地使市场有利于英伟达。Arm目前的所有者日本软银仍希望完成这笔交易，这将使其成为英伟达的主要股东。自交易宣布以来，其股价上涨了 50%。然而，交易内部人士表示，如果延迟和竞争障碍被证明无法克服，股票市场流通仍在考虑之中。纽约被视为最有可能的地点，但一位消息人士表示，目前还没有正式的程序。Arm 首席执行官西蒙·西加斯 （Simon Segars） 否认了这种可能性。他说：“Arm 没有进行 IPO 计划，我们 100% 专注于完成这笔交易。”Segars 先生此前曾公开反对上市，认为 Arm 需要更多投资来扩展到数据中心和人工智能领域，而这作为上市公司是不可能的。本月早些时候，Segars 先生写道：“Arm 和 Nvidia 的合并比 IPO [首次公开募股] 更好。引领人工智能所需的投资水平将是前所未有的。”Arm 总部位于剑桥，设计用于数十亿部智能手机的处理器，被视为芯片供应链的关键部分。7月初，英国竞争与市场管理局向文化大臣奥利弗·道登提交了一份报告，内容是为了国家安全的利益是否应该阻止这笔交易。美国和中国的监管机构也在考虑这笔交易。政府发言人拒绝评论部长何时就监管机构的调查结果做出决定。*免责声明：本文由作者原创。文章内容系作者个人观点，半导体行业观察转载仅为了传达一种不同的观点，不代表半导体行业观察对该观点赞同或支持，如果有任何异议，欢迎联系半导体行业观察。今天是《半导体行业观察》为您分享的第2752内容，欢迎关注。推荐阅读★服务器芯片市场酝酿变局★台积电，是日本的答案吗？★德州仪器：无法预测半导体行业观察『半导体第一垂直媒体』实时 专业 原创 深度识别二维码，回复下方关键词，阅读更多晶圆｜集成电路｜设备｜汽车芯片｜存储｜MLCC｜英伟达｜模拟芯片回复投稿，看《如何成为“半导体行业观察”的一员 》回复搜索，还能轻松找到其他你感兴趣的文章！","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1143,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}