Elon Musk has joined a chorus of tech industry opposition to the $40bn (£29bn) takeover of the British chip designer Arm by a US rival.
The billionaire’s electric car pioneer Tesla has signalled competition concerns over Nvidia’s buy-out of the Cambridge semiconductor company, multiple sources said.
The US monopolies watchdog, the Federal Trade Commission, launched an inquiry into the deal earlier this year and its findings are expected in the coming weeks. The Sunday Telegraph also understands that e-commerce giant Amazon and smartphone maker Samsung have lodged opposition to the deal with US authorities.
Amazon and Samsung declined to comment. Tesla did not respond to requests for comment.
Nvidia’s takeover of Arm is facing a lengthy competition investigation in the UK. The Competition and Markets Authority this month warned the deal posed “significant” concerns.
Arm, which was acquired by Japan’s SoftBank in 2016, licenses microchip technology that is used as the blueprint for billions of smartphone processors and is viewed as a key strategic player in the chip sector.
