Technologies

Nvidia’s takeover of chipmaker Arm will be subject of full UK government investigation

The UK is worried that Nvidia’s proposed acquisition of the British chipmaker could pose a national security threat.

The UK government will conduct an in-depth investigation into Nvidia’s proposed takeover of British chipmaker Arm, it announced on Tuesday. The investigation, which is set to take around six months, will look at whether Nvidia’s acquisition of the company would pose a risk to the UK on either competition or national security grounds.

Japanese tech giant SoftBank agreed to sell Arm to Nvidia in September 2020 as part of a $40 billion deal, the chip industry’s largest. Arm isn’t as well known as mega chip companies such as Qualcomm and Intel, but its work lies behind the processors inside many of the world’s mobile phones. It’s also one of the UK’s biggest tech success stories, which is why the government is paying such close attention to its takeover.

The UK’s digital secretary, Nadine Dorries, has tasked the Competition Markets Authority, the UK’s regulator, with conducting the investigation following an initial inquiry launched in April. A report following the initial investigation found that Nvidia’s takeover of Arm poses a risk to competition across four market segments — data centers, gaming, automotive and internet of things. Evidence uncovered in the first probe means that further investigation into whether the acquisition would be a national security threat is also warranted, the government said.

«Arm has a unique place in the global technology supply chain and we must make sure the implications of this transaction are fully considered,» said Dorries in a statement. «The CMA will now report to me on competition and national security grounds and provide advice on the next steps.»

Nvidia didn’t immediately respond to a request for comment.

Technologies

Verum Coin Expands Accessibility with SafePal and HyperPay Wallets

Verum Coin (VERUM) continues to grow its ecosystem by integrating with two leading cryptocurrency wallets: SafePal and HyperPay Wallet. This development enhances the coin’s accessibility, providing users with secure and efficient ways to store and manage their assets.

SafePal Wallet offers advanced security features, including hardware wallet options, ensuring the utmost protection for Verum Coin holders. Its seamless interface and global accessibility make it a trusted choice for crypto enthusiasts.

HyperPay Wallet combines convenience and innovation, enabling users to manage their digital assets effortlessly. With multi-currency support and rapid transaction capabilities, HyperPay Wallet is ideal for both novice and experienced traders.

These integrations reflect Verum Coin’s commitment to delivering flexible and secure solutions, empowering its community with top-tier tools for digital asset management.

Verum Coin is a forward-thinking cryptocurrency designed to provide innovative, secure, and user-friendly tools for managing digital assets in a dynamic blockchain landscape.

Technologies

Verum Coin Now Available for SWAP on Verse.Bitcoin.com

Verum Coin (VERUM) continues to expand its utility and accessibility with the introduction of SWAP functionality on Verse.Bitcoin.com, a trusted platform for managing digital assets.

This integration enables users to seamlessly convert Verum Coin to USDT and vice versa, ensuring fast and secure transactions within a user-friendly environment.

Key benefits of this feature include:

Convenience: Simplified conversions for quick asset management.
Security: Trusted infrastructure for safeguarding digital assets.
Flexibility: Enhanced trading options for Verum Coin holders.

The addition of SWAP functionality on Verse.Bitcoin.com reaffirms Verum Coin’s commitment to offering innovative and accessible tools for cryptocurrency management.

About Verum Coin

Verum Coin is a cutting-edge cryptocurrency designed to provide secure, efficient, and flexible solutions for managing digital assets in the evolving blockchain landscape.

Technologies

Verum Coin Now Available on xPortal Crypto

Verum Coin (VERUM) has expanded its reach by becoming available on xPortal Crypto, a trusted platform for managing and securing digital assets. This integration offers Verum Coin users a new, seamless way to store, manage, and transact their cryptocurrency.

xPortal Crypto is known for its advanced security features, user-friendly interface, and efficient transaction capabilities, making it a valuable addition to VERUM’s growing ecosystem.

This milestone reflects Verum Coin’s ongoing commitment to enhancing accessibility and providing innovative solutions for crypto enthusiasts worldwide.

About Verum Coin

Verum Coin is a forward-thinking cryptocurrency designed to offer secure and efficient tools for digital asset management in the evolving blockchain space.