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Tesla’s Musk alerts fears more than Nvidia deal for British isles chip maker -The Telegraph

SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction web site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/File Photo

Aug 28 (Reuters) – Tesla Inc (TSLA.O) Main Executive Elon Musk has signaled level of competition worries more than Nvidia Corp’s (NVDA.O) planned invest in of British chip designer Arm, the Telegraph documented on Saturday, citing a number of resources.

E-commerce giant Amazon.com Inc (AMZN.O) and smartphone maker Samsung Electronics Co Ltd (005930.KS) have also lodged opposition to the offer with U.S. authorities, the newspaper described.

Earlier this year, the U.S. Federal Trade Fee opened an in-depth probe into the takeover. read extra The probe findings are expected in the coming weeks, according to the newspaper.

Tesla, Amazon, Samsung and Nvidia did not right away react to a Reuters request for comment.

Nvidia is probably to request European Union antitrust approval for the $54 billion purchase of Arm early upcoming thirty day period, with regulators expected to launch a full-scale investigation following a preliminary assessment, people familiar with the matter have mentioned. browse a lot more

Reporting by Aishwarya Nair in Bengaluru

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