China slows reviews of mergers involving US companies - WSJ

Tower Semiconductor

04/04/2023 15:56

April 4 (Reuters) - Chinese regulators have slowed down
their merger reviews of a number of proposed acquisitions by
U.S. companies, the Wall Street Journal reported on Tuesday,
citing people to the process.
    The potential slowdown, seen as a response to Washington's
curbs on China's tech industry, includes deals such as Intel
Corp's  INTC.O  $5.2 billion takeover of Tower Semiconductor Ltd
 TSEM.TA  and chipmaker MaxLinear Inc's  MXL.O  $3.8 billion
purchase of Silicon Motion Technology Corp  SIMOy.F .

 (Reporting by Yuvraj Malik in Bengaluru; Editing by Arun
Koyyur)
 ((yuvraj.malik@thomsonreuters.com;))