(Reuters) – The U.S. Federal Trade Commission has opened an in-depth investigation into Nvidia Corp’s deal to acquire Arm Ltd, Bloomberg reported Friday, citing a source.
The FTC has sent requests for information to third parties, according to Bloomberg.
The FTC and Nvidia did not respond to requests for comment outside of normal business hours.
Nvidia has reached an agreement with Japanese group SoftBank Group to buy chip maker Arm Holdings based in the UK for up to $ 40 billion.
In addition to the FTC probe, Alphabet Inc., Qualcomm Inc. and Microsoft Corp. have complained to U.S. antitrust regulators about the deal, the report added, citing people familiar with the process.
Arm Holdings supplies intellectual property to Apple, Qualcomm and many others for chips that power almost every smartphone in the world.
In early January, the UK Competition and Markets Authority said it would launch an investigation into Nvidia’s deal to buy Arm.
Reports of Tiyashi Datta and Kanishka Singh in Bengaluru; Edited by Anil D’Silva and Leslie Adler