Nvidia Recoils From Acquiring UK Chip Designer Arm

Early signs point to US chip designer Nvidia abandoning its planned acquisition of Arm, a deal that antitrust regulators across the globe are scrutinizing due to its potential impact on the semiconductor industry, Bloomberg reported.

Photo Insert: Analysts have been skeptical for months that the potential $40 billion deal would go through following comments and actions by regulators in the U.S., Europe, and China,

Citing sources familiar with the matter, Bloomberg reported that Nvidia has told partners that the purchase likely will fall through, while Arm owner SoftBank is preparing an IPO for the British semiconductor designer.

Analysts have been skeptical for months that the potential $40 billion deal would go through following comments and actions by regulators in the U.S., Europe, and China, Jacob Carpenter also reported for Data Sheet.

Meanwhile, Google announced Tuesday that it’s scrapping and replacing its plan for overhauling its targeted advertising system next year, a victory for privacy advocates who criticized the initial proposal, The Wall Street Journal reported.

The Alphabet unit will no longer move forward with plans to bundle users into small groups based on their browsing history and provide information about those cohorts to advertisers.

Instead, Google now plans to label users as interested in “topics” based on search patterns, allowing advertisers to market to those interested in certain categories. Users will be able to monitor and delete their “topics” under the proposal, which is set to take effect next year.

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