Nvidia's Mergers and Acquisition Spree Faces FTC Scrutiny

The article discusses Nvidia’s aggressive acquisition strategy, which has caught the attention of the Federal Trade Commission (FTC). Nvidia, a leading chip maker, has been on a buying spree, acquiring numerous startups in recent years to bolster its artificial intelligence (AI) capabilities. However, the FTC is investigating whether these acquisitions have harmed competition in the AI chip market. The article highlights Nvidia’s acquisition of Bright Computing, a Dutch company specializing in high-performance computing software, for an undisclosed amount. It also mentions Nvidia’s failed $40 billion acquisition of Arm, a British chip designer, which was blocked by regulators over antitrust concerns. The FTC’s probe aims to determine if Nvidia’s acquisitions have made it harder for rivals to access key technologies or hire top talent in the AI field. The investigation could potentially lead to legal action or restrictions on Nvidia’s future deals. Nvidia maintains that its acquisitions have been lawful and beneficial for innovation.

Source: https://www.businessinsider.com/nvidia-mergers-and-acquisition-startup-buying-spree-ftc-investigation-2024-8