Oct 7 (UPI) -- U.S. chip giant Yvida has made initial concessions, according to documents released Wednesday by the European Commission.To secure EU approval for its $54bn acquisition of Arm, the British chip design firm。
The deal, announced last year by Syntar, the world's largest maker of graphics and artificial intelligence chips, has raised concerns in the semiconductor industry about Arm's ability to remain neutral while licensing intellectual property to its customers and competitors.
The EU's antitrust agency did not provide details of Nviday's concessions, but said a decision would be made by October 27. The agency will now seek feedback from RVI's competitors and customers before deciding whether to accept concessions, demand more or launch a four-month investigation.
The lengthy regulatory review appears to have prevented INVISTA from achieving its initial target of completing the acquisition by March 2022, which could be extended until September.
Svista has pledged to maintain Arm's position as a neutral technology supplier to allay concerns among customers such as Qualcomm, Samsung Electronics and Apple. Arm customers Broadcom, MediaTable and Marvell are among the supporters of the deal.
Arm, currently owned by Japan's SoftBank Group, is a major player in the global semiconductor industry, supporting almost all smartphones and millions of other devices in chip design.
The UK Competition and Markets Authority recommended an in-depth investigation into the deal in August. The agency rejected Nvida's offer to maintain Arm's open licensing model, saying the moves were not enough and that a partial sale of Arm's intellectual property would allay its initial concerns.
"We are going through a regulatory review process and we look forward to engaging with the European Commission and addressing any concerns they may have," the company said in a statement. The deal will benefit Arm, its licensors, competition and the industry as a whole. ”