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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 EDT
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)


ę Reuters 2020
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Financials (USD)
Sales 2022 24 891 M - -
Net income 2022 8 082 M - -
Net cash 2022 11 274 M - -
P/E ratio 2022 59,6x
Yield 2022 0,08%
Capitalization 479 B 479 B -
EV / Sales 2022 18,8x
EV / Sales 2023 16,7x
Nbr of Employees 18 975
Free-Float 61,8%
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Number of Analysts 42
Last Close Price 192,08 $
Average target price 194,40 $
Spread / Average Target 1,21%
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Managers and Directors
Jen Hsun Huang President, Chief Executive Officer & Director
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
Debora Shoquist Executive Vice President-Operations
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