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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 90.94

+2.6%

Dec 3 3:59 PM EST

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From: franklin1	11/1/2022 10:30:02 AM
	Read Replies (2) of 2978

I don't know the implication --BUT MaxLinear application for Silicon Motion filing said accepted by China's antitrust regulator (update) Nov. 01, 2022 10:18 AM ET Silicon Motion Technology Corporation (SIMO), MXLBy: Joshua Fineman, SA News Editor 1 Comment Bestgreenscreen/iStock via Getty Images Update 10:20am: Adds share prices. China's antitrust regulator is said to have accepted MaxLinear's (NASDAQ: MXL) filing of its planned acquisition of Silicon Motion (NASDAQ: SIMO) under normal procedure. SIMO rose 2.8%, while MXL gained 2.4%.China's State Administration for Market Regulation is said to agree to evaluate the $3.8 billion acquisition of Silicon Motion ( SIMO) under normal procedure, according to traders, who cited a report that's circulating on Wednesday.In late August MaxLinear ( MXL) was asked by China's antitrust regulatory to refile for its planned purchase of Silicon Motion ( SIMO) under "normal procedure."

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