The Federal Trade Commission has filed suit to block the $330 million merger of integrated computer circuit makers Integrated Device Technology Inc. and PLX Technology Inc., alleging that the deal would give the combined company a near-monopoly.
In an administrative complaint filed Tuesday, the FTC said that the deal would result in higher prices, reduced innovation and lower quality in the $100 million worldwide market for a type of integrated computer circuits called PCIe switches. The switches perform critical connectivity functions in computers and other electronic devices.
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