<p class="title">Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.</p>.<p class="bodytext">The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the <a href="https://on.ft.com/3w4hY8j" target="_blank">report</a> added.</p>.<p class="bodytext">Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020.</p>.<p class="bodytext">In February, Bloomberg News reported that the US Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm.</p>
<p class="title">Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.</p>.<p class="bodytext">The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the <a href="https://on.ft.com/3w4hY8j" target="_blank">report</a> added.</p>.<p class="bodytext">Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020.</p>.<p class="bodytext">In February, Bloomberg News reported that the US Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm.</p>