Is this really necessary? The European Commission says it is vetting the planned joint venture between Texas Instruments Inc and Samsung Electronics Co, which will assemble and test separate lines of integrated circuits from each company at the Texas plant in Oporto plant in Portugal: the joint venture’s products will be sold only to the parent companies and the Commission called on third parties to comment within 10 days, noting that at first sight the deal falls under Community rules prohibiting anti-competitive practices and dominant positions; there is no deadline for the operation to be cleared or an in-depth inquiry set, Reuter notes.
