According to a Tuesday article by The Information, China's antitrust regulator is anticipated to investigate future technology acquisitions following its recent investigation of Nvidia's (NASDAQ:NVDA) 2020 acquisition of Mellanox Technologies.
The examination into Nvidia's $7 billion Mellanox transaction comes amid growing tensions between the U.S. and China, following the U.S. Commerce Department's move to strengthen export prohibitions on American chipmaking technology to China. Sources familiar with the subject stated China's State Council and Ministry of Foreign Affairs are using antitrust reviews as a response to the limitations.
China's State Administration for Market Regulation, the main antitrust authority, is also delaying approval of Synopsys' (NASDAQ:SNPS) planned $35 billion acquisition of Ansys (NASDAQ:ANSS), the report noted. SAMR also started looking at two past acquisitions involving Coherent (COHR), formerly known as II-VI.
The increased scrutiny signals China's intent to push back on U.S. trade policies while intensifying oversight of major technology transactions in its market.
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