Marvell announced that it had received approval from China's market regulator SAMR for its proposed acquisition of Inphi. Marvell is a leading provider of data infrastructure semiconductor solutions. Inphi is a data movement leader that interconnects high-speed analog semiconductor solutions inside data centers. The two U.S. company boards will meet on April 15 on the deal. 

SAMR (State Administration for Market Regulation) under China's State Council was established in March 2018, combining several departments responsible for market supervision and antitrust.

Last October, Marvell announced that it would acquire Inphi for approximately $10 billion. Marvell will pay 60% of the acquisition amount in the form of shares, and the rest will be paid in cash. 

Marvell mainly produces storage, analog, digital signal, embedded, and logic chips, with a current market value of approximately $26 billion.

The acquisition will integrate Inphi's powerful electro-optic interconnect platform into Marvell's storage, networking, processor, and security portfolio, broadening its leadership in data centers and extending its 5G network infrastructure. The total market of the combined company will also expand with this deal,  according to Yahoo Finance.

The two U.S. companies filed with the U.S. Securities and Exchange Commission on March 11, 2021, in connection with the proposed transaction.