China approves AMD’s $35 billion acquisition of Xilinx
Chinese regulators have granted approval for Advanced Micro Devices Inc. to buy Xilinx., clearing the way for one of the largest deals to emerge from the global semiconductor industry.
- Semiconductor industry is on high demand, and AMD set to challenge Nvidia’s domination
- The deal comes, as regulatory stipulates that AMD must keep supplying China
Considering the circumstances, today even minor deals are getting scrutinized.
Just recently China’s Wise Road Capital terminated its $1.4 billion offer for South Korean chipmaker Magnachip Semiconductor Corp. who failed to win approval from the Committee on Foreign Investment.
The State Administration for Market Regulation has cleared the deal with certain conditions, the antitrust watchdog said in a statement.
Indicating that, AMD should not discriminate Chinese clients and to continue supplying Xilinx’s products to the country, after determining the deal could exclude or limit competition.
AMD is set to further challenge Nvidia in computer and graphics processors market
