Tesla’s Musk shows concerns over Nvidia deal for British chip maker -The Telegraph

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Elon Musk, founder of SpaceX and CEO of Tesla, looks when he visits the construction site of the Tesla gig factory in Gruenheide, near Berlin, Germany, on May 17, 2021. REUTERS / Michele Tantussi / File Photo

August 28 (Reuters) – Tesla Inc. (TSLA.O) CEO Elon Musk has expressed concern over competition for Nvidia Corp. (NVDA.O) ‘s planned purchase of British chip designer Arm, according to reported Saturday Telegraph, citing several sources.

E-commerce giant Amazon.com Inc. (AMZN.O) and smartphone maker Samsung Electronics Co. Ltd. (005930.KS) have also filed opposition to the deal with U.S. authorities, the diary.

Earlier this year, the U.S. Federal Trade Commission opened an in-depth investigation into the acquisition. read more The results of the probe 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 likely to seek European Union antitrust approval for the purchase of $ 54 billion worth of weapons early next month, and regulators are expected to launch a large-scale investigation after a preliminary review, as reported by people familiar with the matter. Read more

Aishwarya Nair reports in Bengaluru

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