By news@appleinsider.com (Mike Peterson) The Federal Trade Commission has sued to block Nvidia’s $40 billion acquisition of chip design company Arm, claiming that the deal could stifle innovation and harm competition in the chip market.The FTC has sued to block Nvidia’s purchase of Arm.According to the FTC, the proposed deal would “give one of the larges chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips.” The FTC’s complaint alleges that, if the deal went through, the new firm would have both the means and incentive to stifle innovation. …

Source:: Apple Insider