Beijing antitrust regulators spent so long evaluating a $5.4 billion acquisition by Intel Corporation that the U.S. chipmaker eventually gave up. Now, the country may try to use the same strategy against another U.S. semiconductor firm and torpedo a deal almost 12 times as large.
Chinese regulators are exploring whether to delay approval for U.S. chipmaker Broadcom's $69 billion deal for cloud computing firm VMWare, reports the Financial Times citing three unnamed sources familiar with the matter. The move may be retaliation to the Biden administration's announcement of expanded controls on chip sales to the country earlier this week.
