What you need to know
- NVIDIA recently shared its Q3 fiscal year 2022 earnings.
- The company managed $7.1 billion in revenue, representing a 50% year-over-year (YoY) gain.
- It also gave an update on the Arm acquisition, highlighting that the EU and UK are both giving the merger a hard time, while also revealing that the US Federal Trade Commission isn't entirely happy with the deal either.
Perfectly balanced, as all earnings report news should be, NVIDIA shared both something sweet and something sour when presenting its Q3 FY22 financial figures. Not only did it broadcast that it managed a whopping $7.1 billion in revenue (a 50% YoY increase), but it also outlined all the various parties who are making sure the Arm acquisition is anything but a smooth ride.
NVIDIA's successful quarter, in which it beat Wall Street estimates and continued its hurried shuffle toward a $1 trillion market cap, was adorned by many other big year-over-year jumps, which can all be viewed at the company's earnings report.
In that same report, there's a section dedicated to discussing the Arm acquisition's status. As we've already detailed here on Windows Central, multiple jurisdictions stand in the way of NVIDIA's $40-plus billion deal going through, including China, the UK, and the EU. Now, NVIDIA's also clarified that the U.S. isn't eager to greenlight the deal either.
"Regulators at the US Federal Trade Commission (FTC) have expressed concerns regarding the transaction, and we are engaged in discussions with the FTC regarding remedies to address those concerns," NVIDIA's report reads. It also outlines the current state of the merger with regards to Chinese, EU, and U.K. regulatory bodies, though those statements simply reiterate existing public knowledge.
Robert Carnevale is the News Editor for Windows Central. He's a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author of Cold War 2395. Have a useful tip? Send it to firstname.lastname@example.org.
ARM must stay independent and so I hope those Nvidia's ARM acquisition discussions go the way of the dodos in Ice Age; into a fiery bottomless volcano and disappears into ether.
Or even that it becomes extinct in the 17th century. :)
Lol, you got a time machine? Otherwise the 17th century will be an a impossible feat haha.
Why? If everyone is so reliant on one company, how is that healthy? And the integration of GPU with CPU is the near future of chips, if ARM does not innovate in this capacity, how will they compete in the future?
People who are against this are just afraid of not being able to get their way, when the only thing I've ever heard nVidia say it wanted it for was to be able to incorporate it's GPU's in them but, everyone else that uses them is scared that they won't be able to make it where they can incorporate their GPU's in them anymore, not that's a bad thing, unless you're a Commie company that wants to also be able to put their backdoors into them and nVidia won't allow it, which is a better thing. It's the main reason those Commie governments are complaining about this merger. Screw those countries, this is a fantastic deal for both ARM and nVidia, of course, ARM could also just quit selling to anyone else except for nVidia too, in an exclusivity contract, and put an end to this crap too...
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