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Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph

Published 08/28/2021, 10:03 PM
Updated 08/28/2021, 10:05 PM
© Reuters. FILE PHOTO: SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/File Photo
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(Reuters) - Tesla (NASDAQ:TSLA) Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia (NASDAQ:NVDA) Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) and smartphone maker Samsung Electronics (OTC:SSNLF) Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.

Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected in the coming weeks, according to the newspaper.

© Reuters. FILE PHOTO: SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/File Photo

Tesla, Amazon, Samsung (KS:005930) and Nvidia did not immediately respond to a Reuters request for comment.

Nvidia is likely to seek European Union antitrust approval for the $54 billion purchase of Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter have said.

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