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China has a say because both companies do business in China. It’s the reason why the Intel acquisition of Tower semiconductor fell through.
by osnium123 2y ago
China has a say because both companies do business in China. It’s the reason why the Intel acquisition of Tower semiconductor fell through.
- ajross 2y agoThat was a much smaller deal though. A Chinese regulatory block for a $5B acquisition might rise to "not worth it" to Intel. Saying "No more x86 laptops or qualcomm radios in China" is more of a "Trade War!" kind of thing. That's not saying the China would love it, or that they wouldn't have leverage. But regulatory power has its limits and it's not like every nation gets a veto on every merger.
- osnium123 2y agoIt was a critical acquisition for Intel to learn how to be a foundry so it was critical.