US chipmaker Analog Devices (ADI) has gained unconditional EU antitrust clearance for its $21 billion acquisition of rival Maxim Integrated, its biggest ever deal, a filing on the European Commission website showed on Thursday.
ADI is seeking to boost its market share in automotive and 5G chipmaking with the deal, which will also enable it to better compete with larger competitors including Texas Instruments.
Reuters reported on March 26 that the deal would win EU approval without the EU competition enforcer demanding concessions.Based in Norwood, Massachusetts, ADI supplies sensors, data converters, amplifiers, and other signal processing products to a broad swathe of industries from transportation to healthcare, instrumentation and portable consumer devices.
San Jose, California-based Maxim designs and manufactures analog chips that are used in cars, manufacturing, energy, communications, healthcare, and connected devices.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.