- The new phase will be allocated 24 weeks to provide a report to the government, with the possibility to extend the deadline by eight weeks.
- The E.U. is also investigating the deal, with its probe scheduled to be wrapped up by March 2022. Other probes are ongoing in China.
- The governments' decision to meet the deal with red tape means that it is unlikely to be closed within the 18-month timeline initially predicted by ARM.
- ARM is currently owned by SoftBank. CEO Masayoshi Son told investors that he thinks the deal will be approved in the end.
- SoftBank bought the company for $31B in 2016. At the time, ARM had $1.5B in annual revenue.
- ARM's chips are used in a wide variety of sectors. The U.K. antitrust watchdog specifically named data centers, IoT, automotive sector, and gaming applications markets as areas of concern.
- The firm's energy-efficient chip designs are used in 95% of the world's smartphones and 95% of the chips designed in China.