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Chip equipment maker Lam Research ends deal for KLA-Tencor
October 5, 2016 / 10:16 PM / a year ago

Chip equipment maker Lam Research ends deal for KLA-Tencor

Oct 5 (Reuters) - Semiconductor equipment maker Lam Research said on Wednesday it had terminated a $10.6 billion deal to buy rival KLA-Tencor Corp.

The companies decided against the merger due to antitrust concerns raised by the U.S. Department of Justice, according to a statement from KLA-Tencor. (Reporting by Narottam Medhora in Bengaluru; Editing by Don Sebastian)

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