CCS clears GlobalFoundries’ AMF acquisition with no competition concerns

The combined market share of the two parties is considered low by the regulator.

The Competition and Consumer Commission of Singapore (CCS) has cleared the completed acquisition of Advanced Micro Foundry Pte. Ltd. by GLOBALFOUNDRIES Singapore Pte. Ltd., following a notification submitted on 11 February.

The CCS said the transaction does not result in a substantial lessening of competition in the supply of foundry services for pluggable transceivers in Singapore.

Its assessment, based on submissions from the parties and feedback from third parties, found that the market is likely to remain competitive.

The regulator said that the parties are not each other’s closest competitors, and that customers have access to several alternative suppliers.

Moreover, it added that the combined market share of the parties remains low.

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