Remember when Nvidia’s CEO warned yesterday that buying Arm might take “longer than initially thought,” but that it was no big deal and “not one particular delay”? It sure sounds like a big deal as of today: on Friday, the UK’s Competition and Markets Authority (CMA) has recommended a Phase 2 investigation, because it’s worried that Nvidia would be incentivized to stifle innovation.

“We’re concerned that NVIDIA controlling Arm could create real problems for NVIDIA’s rivals by limiting their access to key technologies, and ultimately stifling innovation across a number of important and growing markets. This could end up with consumers missing out on new products, or prices going up,” writes CMA chief executive Andrea Coscelli, in a press…

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