The Federal Trade Commission has sued to block U.S. chip supplier Nvidia Corp.’s $40 billion acquisition of the SoftBank Group Corp.-backed UK chip design provider Arm. FTC Bureau of Competition Director Holly Vedova said the proposed vertical deal could offer the influential chipmaker control over the computing technology and designs relied on by the rivals for innovative next-generation technologies, including those used to run data centers and driver-assistance systems in cars. The proposed deal would distort Arm’s chip market incentives and undermine Nvidia’s rivals. All major chipmakers are Arm customers, and the companies, including Qualcomm Inc., Intel Corp., and Advanced Micro Devices Inc., sell chips that compete directly with products from Nvidia, Bloomberg reports. Apple Inc. and Amazon.com Inc. also utilize Arm technology for smartphones. The EU and the UK are already probing the deal. Analyst Opinions Citi analyst Atif Malik lowered his deal probability to 5 percent from 30 …