TOKYO—Chinese authorities approved U.S. chip maker Advanced Micro Devices Inc.’s planned $35 billion purchase of Xilinx Inc., clearing the last major regulatory hurdle for one of the biggest deals in recent years in the semiconductor industry.
China’s State Administration for Market Regulation said in a statement released online Thursday that it has conditionally approved the deal, which AMD and Xilinx had reached in October 2020. The two companies had already received approvals from competition authorities in major markets except China, an AMD executive told analysts in December.
