ARM's status quo after Nvidia abandoned the acquisition: plans to lay off up to 1,000 people.

$Armada Mercantile Ltd(ARM.CA)$ $NVIDIA(NVDA.US)$ $Tesla(TSLA.US)$ In February this year, Nvidia announced that it would abandon the acquisition of British chip company ARM. After the incident, ARM recently announced layoffs.
Nvidia announced the termination of its acquisition of ARM from SoftBank Group. which retained Nvidia's $1.25 billion upfront. Prior to this, the industry was not optimistic and opposed the acquisition. Giants such as Microsoft,Google,Samsung, Amazon ,and Tesla have publicly "singed the opposite". What's more, regulators in the US, UK and EU all see the acquisition as detrimental to competition in the global semiconductor industry. Ultimately, Nvidia had to give up on acquiring ARM.