The deal is unlikely to lessen competition across semiconductor markets.

The deal is unlikely to lessen competition across semiconductor markets. The Competition and Consumer Commission (CCS) has cleared Texas Instruments’ proposed acquisition of 100% of Silicon Laboratories’ issued and outstanding shares after finding that the deal is unlikely to substantially lessen competition. CCS further said the merged company is unlikely to have sufficient market power to foreclose competitors. The regulator assessed the impact of the transaction across five semiconductor product markets: wireless connectivity system-on-chips, non-wireless microcontroller units, power management integrated circuits, sensors, and universal serial bus bridges. It examined whether the combined company could raise prices, reduce product quality, or limit customer choice following the acquisition.