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China's Ministry of Commerce (MOFCOM) granted regulatory approval for Microchip Technology's acquisition of SMSC, removing the final hurdle for the semiconductor merger. The deal strengthens Microchip's position in automotive and industrial chip sectors.
“China clears Microchip's SMSC acquisition by granting regulatory approval through the Ministry of Commerce (MOFCOM), effectively removing the final hurdle for this multi-billion dollar semiconductor merger”wirewiz.blog
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