The EC gave its approval to the venture under its simplified merger review procedure, suggesting no customers or rivals raised any issues with the deal.
Source: Computerwire
The European Commission has given a green light to Hitachi and Mitsubishi's LSI semiconductor joint venture, first announced in October. The companies are backing a new firm, Renesas, which will take their microcomputer, logic, analog and discrete devices, as well as flash and SRAM memory businesses.
The EC gave its approval to the venture under its simplified merger review procedure, suggesting no customers or rivals raised any issues with the deal.
Source: Computerwire