Given the ongoing chip shortage continues to inflate the price of the best graphics cards to eye watering levels, it's no surprise that GPU manufacturers like Nvidia are reporting healthy levels of profit. However, the company's $40 billion acquisition of British chip manufacturer Arm Ltd. remains up in the air, and the latest comments shared by its chief financial officer suggest the deal isn't proceeding as swimmingly as Nvidia would like.
In her CFO commentary, Colette Kress provided an analysis of Nvidia's current and prospective financial position, but also made a statement on the company's acquisition of Arm Ltd. Kress highlights that Nvidia is at the behest of several governing bodies, with the company "seeking regulatory approval in the United States, the United Kingdom, the European Union, China, and other jurisdictions."
It appears that in addition to the concerns previously voiced by the UK government over the deal, US Federal Trade Commision are now expressing their own concerns. Kress says that Nvidia is "engaged in discussions with the FTC regarding remedies to address those concerns."
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