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The British government is intervening in the Nvidia-Arm deal

A senior minister in the British Government has decided to intervene in the huge chip deal on national security grounds.

The decision by the Secretary of State for Digital, Culture, Media and Sport is based on "advice received from officials across the investment security community," according to a statement. The nation's Competition and Markets Authority will now prepare a report on the deal by July 30.

The $40 billion deal is particularly sensitive in the U.K., with Arm representing one of the U.K.'s few breakout tech successes. Arm cofounder Hermann Hauser has called the deal a disaster.

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