REG - Competition and Mkts - Merger Update: SK hynix / Intel

IntelAnnouncement

10/05/2021 09:05

RNS Number : 9696X
  
Competition and Markets Authority
  
10 May 2021
  
 

 
Start of CMA Merger Investigation: anticipated acquisition by SK hynix Inc of Intel Corporation's NAND and SSD business
 
The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
 
The CMA announced the launch of its merger inquiry by notice to the Parties on 7 May 2021 and has a deadline of 5 July 2021 for its phase 1 decision.
 

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