TOKYO—Chinese authorities approved U.S. chip maker Advanced Micro Devices Inc.’s planned $35 billion purchase of Xilinx Inc.
, clearing the last major regulatory hurdle forChina’s State Administration for Market Regulation said in a statement released online Thursday that it has conditionally approved the deal, which AMD and Xilinx had reached in October 2020. The two companies had already received approvals from competition authorities in major markets except China, an AMD executive told analysts in December.
$NVDA ARM deal not getting approved moves $NVDA lower but $ARM Xilinx deal being approved also gets $AMD lower. This is how messed up is the market jimcramer
Please keep up the good work, it was mind blowing when I opened my wallet and saw the profits of $7,690 😮 from the investment of $1000 thanks Geoffrey100k
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