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Silicon Motion Says It Will Seek to Enforce Merger Deal With MaxLinear

By Eric J. Savitz

27 Jul 2023

On Wednesday, the chip maker MaxLinear (ticker: MXL) shocked investors by announcing the termination of its deal to buy Silicon Motion Technology (SIMO). That happened just hours after the equally surprising news that the transaction had been approved by Chinese regulators, seemingly clearing the way for completion of a deal that pending for more than a year.

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