Monday, March 17, 2025 | 10:43 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

AMD wins European Union antitrust nod for $35 billion Xilinx acquisition

The European Commission said it had not found any issues after a preliminary review.

Photo: Reuters

Photo: Reuters

Reuters BRUSSELS

Semiconductor designer Advanced Micro Devices Inc (AMD) has secured unconditional EU antitrust approval for its $35 billion bid for Xilinx Inc.

AMD announced the deal in October last year, intensifying its battle with chief rival Intel Corp in the data center chip market.

The European Commission said it had not found any issues after a preliminary review.

"The proposed transaction would raise no competition concerns in the European Economic Area given the absence of horizontal overlaps and vertical relationships between the activities of the companies," the EU competition enforcer said.

It said the merged company would not have the incentive to foreclose rival providers of central processing units (CPUs) and graphics processing units (GPUs) and the presence of alternative suppliers.

 

 

(Reporting by Foo Yun Chee;Editing by Elaine Hardcastle)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 01 2021 | 5:48 PM IST

Explore News