Peter Mandelson, former business secretary, has called for competition authorities in the UK, China and Europe to investigate the takeover of Arm Holdings by US group Nvidia.
In a letter to the Financial Times on Thursday, Lord Mandelson said that Cambridge-based Arm would become “collateral damage” in the battle between Nvidia and Intel to dominate the global microchip market.
Nvidia, the world’s largest chip company by market capitalisation, plans to buy Arm for $40bn, just four years after the UK group was bought by Japanese investor SoftBank.
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