XLNX - Xilinx ticks higher on report of progress in Chinese review of AMD deal

Xilinx (NASDAQ:XLNX) ticked higher earlier after a report that Advanced Micro Devices (NASDAQ:AMD) planned purchase may be inching closer to Chinese antitrust approval. Chinese third parties appear to have no major objections to the latest remedies submitted by the companies for deal approval, according to traders, who cited a report that's being circulated around. The report sees a greater probability of Xilinx being approved this month. Also Chinese's antitrust authority, the State Administration for Market Regulation, has been reorganizing with the goal of speeding up merger reviews, traders said, citing the report. Deals that have pending for a long time, like Xilinx/AMD and GlobalWafers acquisition of Siltronic (OTCPK:SSLLF) and Intel's (NASDAQ:INTC) $10B NAND sale to SK Hynix  may be cleared this month. AMD is still awaiting approval from China but has received antitrust clearance in the U.S. and Europe. In September month, AMD was said to have made progress in China with large third parties

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Xilinx ticks higher on report of progress in Chinese review of AMD deal