FTC Blocks $40 Billion Acquisition of Arm by Nvidia

Nvidia is one of the biggest tech companies in the world, a powerhouse of computing innovation and creator of some of the most widely-used graphics cards on the market. The company has also taken interest in other areas, and last year, Nvidia acquired UK chip firm Arm for $40 billion, with the purpose of looking into artificial intelligence. However, the deal caught the attention of not only rival companies that use Arm, such as Samsung and Apple, but also the likes of the EU and UK government. And now the Federal Trade Commission has taken steps to stop the takeover all-together.