Nvidia CEO Jensen Huang wears his usual leather jacket.
Headquartered in Santa Clara, Nvidia has reportedly filed an application with Chinese regulators in the past few weeks. Arm did not immediately respond to CNBC’s request for comment. Nvidia said the regulatory process is confidential but remains confident that it will receive approval and “complete in early 2022”.
When the deal was announced last September, Nvidia and Arm said it would take about 18 months to close. According to the Chinese antitrust lawyers quoted by the FT, however, it could take Chinese regulators up to 18 months to come to a conclusion. Regulators in the UK, Europe and the US are also reviewing the deal.
Arm has a joint venture called Arm China with Chinese private equity firm Hopu Investments. Arm China is headquartered in Shanghai, which means the Chinese Ministry of Commerce and the Chinese state market regulator have the right to review the proposed Nvidia deal.
Read the full story of the Financial Times here.