The COVID-19 pandemic did not slow down M&A in the semiconductor industry. To the contrary, 2020 saw semiconductor M&A deals reaching an all-time high of $118 billion in terms of total deal value. Undoubtedly, the big news for 2021 will be which of those deals will be approved. It is commonly believed that one of the biggest challenges may come from China. This article provides an overview of how Chinese competition enforcers have applied merger control rules in the semiconductor sector.
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