(C) Reuters. FILE PHOTO: A chip of Xilinx is displayed through a magnifying glass during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song/
AMD announced the deal in October last year, intensifying its battle with chief rival Intel Corp (NASDAQ:INTC) 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.
AMD wins EU antitrust nod for $35 billion Xilinx acquisition
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.