Nvidia CEO Jensen Huang has admitted for the first time that the company’s planned acquisition of British chip designer Arm may take longer than the initially-scheduled 18 months. The acquisition, which would bring together two of the most powerful chip companies in the world, is facing scrutiny from regulators in the US, UK, and China.
“Our discussions with regulators are taking longer than initially thought, so it’s pushing out the timetable,” Huang told The Financial Times. “It’s not one particular delay,” he added. “But we’re confident in the deal, we’re confident regulators should recognize the benefits of the acquisition.”
Huang was previously unwavering in his prediction that the acquisition would be completed by March next year. The agreement between Nvidia and Arm’s current owner SoftBank gives the US chip designer until the end of 2022 to clear the purchase with regulators.
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