Watch Xilinx/AMD on report GlobalWafers nears China approval for Siltronic deal
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Taiwan's GlobalWafers is said to be close to gaining Chinese antitrust approval for its $5.3B purchase of Siltronic AG (OTCPK:SSLLF).
China's State Administration for Market Regulation ("SAMR") is said to be largely Ok with the remedies proposed by the company, according to a Bloomberg report. The Chinese regulator may make a formal decision shortly.

Risk arb traders may see the potential deal approval as positive for AMD's (NASDAQ:AMD) planned acquisition of Xilinx (NASDAQ:XLNX), which is still awaiting Chinese approval. Investors were hoping that China could approve the XLNX/AMD deal by the deal's U.S. antitrust clearance one-year anniversary today, which would require the companies to do a new HSR filing if it's not approved.
Late last month, SK Hynix received China antitrust approval for $9B purchase of Intel's NAND business.
Xilinx rose 1.3% in premarket trading and AMD increased 1.7%.

Dealreporter reported last week that China was speculated to be close to wrapping up Xilinx/AMD deal review.