Aug.28 (Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk reported competition concerns over Nvidia Corp’s (NVDA.O) planned purchase of UK chip designer Arm, reported on Saturday. the Telegraph, citing several sources.
E-commerce giant Amazon.com Inc (AMZN.O) and smartphone maker Samsung Electronics Co Ltd (005930.KS) also opposed the deal with US officials, the newspaper reported.
Earlier this year, the U.S. Federal Trade Commission launched a full investigation into the takeover. read more The results of the investigation are expected in the coming weeks, according to the newspaper.
Tesla, Amazon, Samsung and Nvidia did not immediately respond to a request for comment from Reuters.
Nvidia is expected to seek European Union antitrust approval for the purchase of Arm for $ 54 billion early next month, with regulators due to launch a full-scale investigation after a preliminary examination, people familiar with the case. Read more
Reporting by Aishwarya Nair in Bangalore
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