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FTC Challenges Nvidia’s $40 Billion Deal for Arm Holdings

FTC Challenges Nvidia’s  Billion Deal for Arm Holdings

WASHINGTON—The Federal Commerce Fee on Thursday sued to dam U.S. chip provider Nvidia Corp.’s proposed landmark takeover of semiconductor-design specialist Arm Holdings, arguing the chip-industry deal is anticompetitive.

The lawsuit marks the start of what’s prone to be an aggressive antitrust marketing campaign by the FTC underneath the management of Chairwoman Lina Khan, a progressive tapped by President Biden in June to guide the company.

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