China may delay $69bn Broadcom-VMware deal, South Korea conditionally approves it

Bejing mulls response to deal in light of US tightening AI chips rules

clock • 3 min read
China may delay $69bn Broadcom-VMware deal, South Korea conditionally approves it
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China may delay $69bn Broadcom-VMware deal, South Korea conditionally approves it

In what appears to be a retaliatory move against the recent expansion of chip export controls by the Biden administration, Beijing is reportedly contemplating delaying the approval of US chipmaker Broadcom Inc's $69 billion merger with cloud computing company VMware.

The decision comes as China's State Administration of Market Regulation explores the possibility of extending the review process indefinitely, according to a report by the Financial Times, which ci...

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