A new conflict has arisen in the US tech neighborhood, and this time the big siblings are involved.
Google (GOOGL), Microsoft (MSFT), and Qualcomm (QCOM) joined forces to protest Nvidia Corp’s acquisition of Arm, which the tech giants claim has anti-trust written all over it. The rivals-turned-pals are complaining about the $40b purchase to US antitrust regulators and are requesting them to intervene.
Nvidia (NVDA) is a graphics processing chip manufacturer and Arm licenses chip designs. The worry is that Nvidia could restrict or increase the price of Arm’s technology.
Despite the drama, Nvidia’s shares were trading around 1% higher on Tuesday.