Arm

Department for Digital, Culture, Media and Sport written question – answered on 21st September 2020.

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Photo of Lord Myners Lord Myners Non-affiliated

To ask Her Majesty's Government whether they intend to instruct the Competition and Markets Authority to review NVIDIA's acquisition of Arm.

Photo of Lord Myners Lord Myners Non-affiliated

To ask Her Majesty's Government whether they will require NVIDIA to grant them the same powers that will be held by the Committee on Foreign Investment in the United States in connection with the future ownership of Arm if that company is acquired by NVIDIA.

Photo of Baroness Barran Baroness Barran The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

The Enterprise Act 2002 allows the government to call in transactions. We will consider if and when it would be appropriate to do so.

We will be scrutinising the deal carefully to understand its impact on the UK.

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