AMD’s Planned Purchase of Xilinx Clears Last Big Regulatory Hurdle

China’s market regulator conditionally approves the $35 billion deal, which AMD and Xilinx had reached in October 2020.

1/28/2022 10:30:00 AM

Chinese authorities approved U.S. chip maker AMD’s planned $35 billion purchase of Xilinx, clearing the last major regulatory hurdle

China’s market regulator conditionally approves the $35 billion deal, which AMD and Xilinx had reached in October 2020.

Updated Jan. 27, 2022 10:16 pm ETTOKYO—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 forone of the biggest dealsin recent years in the semiconductor industry.

China’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.

Read more: The Wall Street Journal »

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$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

jie.yang@wsj.com Updated Jan. 27, 2022 10:16 pm ET 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 for one of the biggest deals in recent years in the semiconductor industry. China’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. To Read the Full Story