FTC Chair Lina Khan takes victory lap on blocking Nvidia-Arm merger
Publishing timestamp: 2024-02-27 15:10:37
Summary
FTC Chair Lina Khan cited the surging stock prices of Nvidia and Arm as an example of how blocking mergers can lead to increased innovation. The blocked Nvidia deal, which would have been the largest semiconductor chip merger in history, is seen as a successful antitrust action that didn't hinder the companies from pursuing financial success or embracing new technologies like artificial intelligence.
Sentiment: POSITIVE
Keywords: business news, technology, breaking news: technology, arm holdings plc, apple inc, nvidia corp, business, mobile,