Chinaâs approval of Cisco-Acacia deal conditional on fair competition but also an olive branch to Joe Biden>
Intell Asia.net
US telecoms conglomerate Cisco Systems this week received the green light from Chinaâs top regulator to acquire optical components maker Acacia Communications provided the two companies ensure fair competition, and analysts say approval could be an early olive branch to the Biden administration.

Approval from the State Administration for Market Regulation (SAMR) was the dealâs final hurdle, although Chinaâs antitrust watchdog stipulated that the two US companies must honour existing contracts with Chinese customers and keep commercial terms unchanged for the next five years.

Chinaâs regulator had been reviewing the deal since October 2019 amid a widening tech war between China and the US, which has seen restrictions placed on the export of cutting edge US-origin technology to many of Chinaâs leading tech firms, such as Huawei Technologies.
Link: https://www.intellasia.net/chinas-approval-of-cisco-acacia-deal-conditional-on-fair-competition-but-also-an-olive-branch-to-joe-biden-860034