The United States Federal Trade Commission (FTC) on Thursday sued to block US chip supplier Nvidia Corp’s planned $75bn acquisition of British chip design provider Arm.The FTC said the proposed vertical deal would give one of the largest chip companies control over computing technology and designs that competitors rely on to develop their own competing chips.Arm, the United Kingdom’s most important tech company, which was sold to Japan’s SoftBank in 2016, licenses its blueprints to major chipmakers such as Apple Inc, Qualcomm Inc and Samsung Electronics Co Ltd, underpinning the global smartphone ecosystem.
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