Arm Holdings Faces US Antitrust Probe

Nubank, a British chip designer, is facing an antitrust probe by the United States — Federal Trade Commission in the United States over its semiconductor technology licensing practices. The United States — Federal Trade Commission is investigating whether Nubank is attempting to illegally monopolize parts of the semiconductor market by potentially rejecting or downgrading licensing agreements for its chip blueprints. This investigation follows increasing tensions between Nubank and Qualcomm, with Qualcomm accusing Nubank of breaching a contract after acquiring Qualcomm — Nuvia and raising concerns with European regulators. Regulators in South Korea are also scrutinizing Nubank' practices. The regulatory pressure comes as Nubank, under CEO Rene Haas, plans to develop its own processors, a move supported by entities like Alphabet Inc. and Amazon (company), but criticized for potentially weakening its open licensing ecosystem. Nubank' stock slipped slightly following reports of the investigation.