FT News Briefing White House reviews TikTok deal, Nvidia’s Arm Holdings deal, VW on ‘Dieselgate’
Sep 15, 2020
The Trump administration is gearing up to review Oracle's deal with TikTok, raising security concerns over Chinese tech ownership. Meanwhile, Nvidia's $40 billion acquisition of Arm Holdings is set to reshape the semiconductor industry, sparking debates about technology control. Volkswagen faces scrutiny post-Dieselgate, with executives claiming such scandals would be harder to conceal in today's climate. Additionally, the legal troubles of Carlos Ghosn's associate are highlighted, adding another layer to the automotive industry's accountability challenges.
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Oracle's TikTok Partnership
- Oracle's "technical partnership" with TikTok involves safeguarding US user data domestically.
- Oracle will create a US-based headquarters, generating 20,000 jobs.
Deal Approval Uncertainty
- The Trump administration's approval of the Oracle-TikTok deal is uncertain, as it differs from their initial aim of a full sale.
- ByteDance's large stake raises concerns about potential data transfer to China.
Oracle's Surprising Win
- Oracle's chairman, Larry Ellison, is a rare Trump supporter in Silicon Valley.
- Oracle's selection as TikTok's partner may stem from Ellison's ties to the administration.