Nvidia’s acquisition of Arm has seemingly been abandoned

Nvidia’s acquisition of Arm was shaping up to be the largest semiconductor deal that we’ve seen in tech so far. But now, it seems that Nvidia could be abandoning its acquisition of the company. The deal that was going to cost Nvidia $40 billion USD raised many concerns from all corners of the world. Undeniably, it would’ve given Nvidia an edge and a massively prominent presence in the market. This new development comes from a Bloomberg report that shares some information regarding Nvidia’s current plans. According to the report which cites anonymous sources, Nvidia “doesn’t expect the transaction to close.” It also states that SoftBank, Arm’s current owner, could put the company up for a public offering.   Putting a stop to Nvidia’s plans The deal faces resistance from the UK government, the US Federal Trade Commission, and China due to the belief that Nvidia would have too much power in the market with the use of Arm’…