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EU OKs AMD’s $35B Xilinx Acquisition

By  |  July 1, 2021

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

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    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 stated 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 stated 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.