Block off the old chips? Nvidia’s fraught merger
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 3 August 2021
⏱️ 22 minutes
🧾️ Download transcript
Summary
The semiconductor giant wants to acquire ARM—a British firm that is more complement than competitor—but regulators may balk. We look at what’s at stake in chips. Something is changing in Americans’ spiritual lives: a drift away from organised religion. We examine the startling rise in the “nothing in particular” denomination. And how women are leading China’s growing surfing scene.
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Transcript
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| 0:00.0 | Hello and welcome to the intelligence from The Economist. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.4 | America's motto, its kind of foundational statement, is, in God we trust. |
| 0:22.6 | But a spirituality less tied to the usual denominations seems to be taking hold. |
| 0:28.4 | In fact, in religious affiliation surveys, the fastest growing response is nothing in particular. |
| 0:35.1 | And there hasn't traditionally been a culture of surfing in China, if anything, |
| 0:39.8 | it had been seen as a dangerous pursuit to be looked down upon. That is changing, and it's |
| 0:45.4 | women who are leading the charge to ride the waves. |
| 0:57.0 | First up, though... Even if you haven't heard of Invidia, |
| 1:04.0 | chances are you've used a product that contains one of its chips. |
| 1:13.6 | Mario Card! The American multinational was co-founded nearly three decades ago, but in the past five years, |
| 1:20.6 | its market value has skyrocketed by a factor of 15, eclipsing that of its biggest rival, |
| 1:27.1 | Intel, and giving co-founder Jensen Huang |
| 1:29.9 | plenty to crawl about. |
| 1:31.6 | There are powerful forces shaping the world's industries. |
| 1:35.0 | Accelerated computing that we pioneered has supercharged scientific discovery while providing |
| 1:40.4 | the computer industry a path forward. |
| 1:43.5 | Last September, the company announced plans to get even bigger by acquiring ARM, |
| 1:48.0 | a British firm whose chips are in most of the world's smartphones for $40 billion. |
| 1:53.0 | That bid is a window into how few companies are behind the products and services now available to billions, |
| 2:00.0 | and just how pervasive artificial intelligence is becoming in all of them. |
| 2:04.6 | Now it's up to regulators to approve the deal. |
| 2:07.6 | Britain's competition authorities are due to rule in the coming week, |
... |
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