Analog Devices, Inc. and Maxim Integrated Products, Inc. announced on August 23 that China's State Administration for Market Regulation has given antitrust clearance for Analog Devices’ previously announced acquisition of Maxim.

The transaction has now received all required regulatory clearances. Analog Devices and Maxim anticipate that the transaction will close on or about August 26, 2021, subject to the satisfaction of the remaining customary closing conditions.

According to reports, after ADI's acquisition of Maxim, the company's valuation will exceed US$68 billion, and annual revenue is expected to reach US$8.2 billion.