Nvidia said it will “continue to work to
demonstrate that this transaction will benefit
the industry and promote competition.” It said
it will “vigorously contest” the FTC’s lawsuit.
The company added that it is “committed to
preserving Arm’s open licensing model and
ensuring that its IP is available to all interested
licensees, current and future.”
An Arm spokesperson referred questions
to Nvidia. A Softbank spokesperson did not
immediately reply to a request for comment.
The FTC said its four commissioners voted
unanimously to file the complaint and a trial is
scheduled to begin in August 2022.
President Joe Biden has called for federal
regulators to give closer scrutiny to mergers
and aimed at anticompetitive conduct in U.S.
industry. He installed Big Tech critic Lina Khan
as head of the FTC.