Antitrust & Trade Reg.
Oct. 8, 2016
Chip deal dies under antitrust concerns
The merger's collapse is the latest in an active federal antitrust environment, legal experts say.
Daily Journal Staff Writer
Two longstanding Silicon Valley chipmakers, KLA Tencor Corp. and Lam Research Corp., scrapped a $10.6 billion merger Wednesday after the Justice Department announced it would not consent to the deal based on concerns of harm to competition in the semiconductor industry.
Milpitas-based KLA Tencor first announced plans to buy the Fremont-headquartered company nearly a year ago. Jones Day was advi...
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