China slows reviews of mergers involving US companies: WSJ

BEIJING - Chinese regulators have slowed down their merger reviews of several proposed acquisitions by US companies, the Wall Street Journal reported on Tuesday, a move seen as a response toThe potential slowdown includes deals such as Intel’s US$5.2 billion takeover of Tower Semiconductor and chipmaker MaxLinear’s US$3.8 billion purchase of Silicon Motion Technology.

The competition regulator, which has made this demand a precondition to approving the deals, could not be immediately reached for a comment. Approval is required from Chinese authorities if companies involved in a deal have a sizable business presence in the country.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US-China tech war: Without advanced chips, can China’s smartphone industry survive?Limited access to high-end semiconductor chips poses a major threat to China’s world-leading smartphone manufacturing industry Chinese smartphone firms will face an ‘innovate or die’ situation, especially as multinationals look to diversify, industry insiders say As an engineer in the semiconductor industry for a couple of decades, i can say that it’s going to get worse. China needs to improve laws and accountability for IP protection - it does not have a good track record. Rest of the world is going to be impacted because of this.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »