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MarketScreener Homepage  >  Equities  >  Nasdaq  >  NVIDIA Corporation    NVDA

NVIDIA CORPORATION

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Huawei, other Chinese tech firms raise concerns on Nvidia's Arm deal - Bloomberg News

10/21/2020 | 03:01am EST
FILE PHOTO: Man wearing a face mask following the coronavirus disease (COVID-19) outbreak walks past a booth of Huawei at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing

(Reuters) - Huawei Technologies Co and several other Chinese tech firms have raised concerns to local regulators about chipmaker Nvidia Corp's deal to buy UK-based chip designer Arm Ltd, Bloomberg News reported on Tuesday.

The tech firms have been lobbying the State Administration for Market Regulation (SAMR) to either reject the transaction or impose conditions, which will ensure their access to Arm technology, the report https://www.bloomberg.com/news/articles/2020-10-21/huawei-china-firms-are-said-to-seek-curbs-on-nvidia-s-arm-deal?sref=dJOSAJZH said, citing people familiar with the matter.

One of the major concerns of these firms is that Nvidia may force the British firm to cut off its Chinese clients, the report added.

Last month, Nvidia had said it would buy Arm from Japan's SoftBank Group Corp for as much as $40 billion, a deal that puts a vital supplier to Apple Inc and others across the industry under the control of a single player.

Huawei and SAMR did not immediately respond to Reuters' requests for comment.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.85% 122.14 Delayed Quote.67.66%
NVIDIA CORPORATION 0.66% 540.99 Delayed Quote.127.73%
SOFTBANK GROUP CORP. -1.64% 7260 End-of-day quote.52.65%
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Financials (USD)
Sales 2021 16 459 M - -
Net income 2021 4 097 M - -
Net cash 2021 4 963 M - -
P/E ratio 2021 80,2x
Yield 2021 0,12%
Capitalization 332 B 332 B -
EV / Sales 2021 19,9x
EV / Sales 2022 16,3x
Nbr of Employees 13 775
Free-Float 61,7%
Chart NVIDIA CORPORATION
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NVIDIA Corporation Technical Analysis Chart | NVDA | US67066G1040 | MarketScreener
Technical analysis trends NVIDIA CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 583,79 $
Last Close Price 535,84 $
Spread / Highest target 30,6%
Spread / Average Target 8,95%
Spread / Lowest Target -36,5%
EPS Revisions
Managers
NameTitle
Jen-Hsun Huang President, Chief Executive Officer & Director
Debora Shoquist Executive Vice President-Operations
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
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