- Reuters reports Silicon Image (NASDAQ:SIMG) has hired Barclays to explore strategic alternatives, including a potential sale.
- The report comes a month after SIMG crashed in response to weak 2015 guidance, three weeks after activist Engaged Capital called on the company to buy back shares and cut costs, and four days after it announced it's cutting 45 jobs as part of a restructuring meant to bring about a 13% 2015 drop in opex.
- Plenty of chipmakers have been acquired or have merged over the last 15 months, thanks to an industry consolidation wave.