BRUSSELS: Advanced Micro Devices Inc (AMD) has received unconditional antitrust approval from the European Union for its US$35 billion acquisition for Xilinx Inc. The transaction was announced in October of last year, increasing AMD’s rivalry with Intel Corp in the data center CPU market.
After a preliminary review, the European Commission stated that no issues had been discovered.
“Given the absence of horizontal overlaps and vertical connections between the businesses’ activities, the proposed transaction would raise no competition issues in the European Economic Area,” the EU competition watchdog concluded.
It claimed that the combined business would have no reason to exclude competing central processing unit (CPU) and graphics processing unit (GPU) providers, as well as the presence of alternative suppliers.
(Foo Yun Chee contributed reporting; Elaine Hardcastle edited the piece.)
Reuters is the source of this information./n
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