(Reuters) – Chinese regulators have slowed down their merger reviews of a number of proposed acquisitions by U.S. companies, the Wall Street Journal reported on Tuesday, citing people to the process.
The potential slowdown, seen as a response to Washington’s curbs on China’s tech industry, includes deals such as Intel Corp’s $5.2 billion takeover of Tower Semiconductor Ltd and chipmaker MaxLinear Inc’s $3.8 billion purchase of Silicon Motion Technology Corp.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Arun Koyyur)
