Mon, Oct. 24, 12:51 PM
Mon, Oct. 24, 7:58 AM
- The German government withdraws its approval for a Chinese takeover of chip equipment maker Aixtron (NASDAQ:AIXG), raising an unexpected hurdle for a €670M ($728M) deal on the home stretch.
- Germany's economics ministry says it is reopening its review of Grand Chip Investment’s takeover after clearing the €6/share deal just last month.
- The planned purchase of AIXG is part of a wave of Chinese acquisitions of German tech companies, and the holdup appears to signal a growing backlash against such activity within the Merkel government.
Wed, Sep. 7, 11:08 AM
- The China government will prohibit imports and sale of 15W to below 60W incandescent light bulb from October 1, 2016, leading to a complete end to use of such lighting products, DigiTimes reports.
- The prohibition is expected to boost demand for LED light bulbs, sources noted. In particular, LED filament light bulbs will replace 15-30W incandescent bulbs.
- Related tickers: (CREE +2.8%), (PHG), (RBCN +3.3%), (LEDS -1.4%), (VECO +0.3%), (AIXG +0.7%)
Thu, Aug. 11, 8:23 AM
Wed, Aug. 10, 5:30 PM
Mon, May 23, 12:36 PM
- A fund known as Grand Chip Investment is acquiring Aixtron (AIXG +13.1%) for €6.00/share ($6.72/share), or €670M ($750M) after factoring net cash. The price represents a 23% premium to Aixtron's Friday close, and a 48% premium to where shares traded before Bloomberg first reported of Aixtron's sale efforts on March 31.
- The all-cash offer requires the support of shareholders owning 60% of Aixtron's shares. Though up strongly today, Aixtron still trades 8% below its buyout price, perhaps due to concerns about regulatory scrutiny.
- Aixtron popped on Friday after Bloomberg reported a €5.50/share could be close. Rival Veeco (VECO +1.6%) is up 7% over the last two trading days.
Fri, May 20, 2:09 PM
- Sources tell Bloomberg a P-E investor group backed by Hong Kong investment firm Buttonwood Finance is in talks to buy Aixtron (AIXG +9.4%), and that the parties "aim to reach an agreement in the coming weeks."
- One source says a deal could be valued at €5.50/share ($6.16/share). That would represent a 23% premium to Aixtron's Thursday close. Bloomberg cautions no final decision has been made.
- Earlier: Aixtron reportedly in sale talks with Chinese suitors
Fri, May 20, 12:38 PM
- Bloomberg reports Aixtron (AIXG +9.6%) is talking with Chinese firms about a potential sale. The report follows one on March 31 stating the German LED/chip equipment maker is holding informal sale talks and working with JPMorgan to explore options.
- Aixtron is posting big gains, but it's worth noting shares were already doing very well before Bloomberg's latest report. A broader rally in chip equipment stocks that has followed Applied Materials' strong earnings/guidance appears to be helping out.
- U.S.-based rival Veeco (VECO +3.2%) is also outperforming on a day the Nasdaq is up 1.4%. Bloomberg's March report stated Aixtron had spoken with both Veeco and Chinese firms. Both companies have been hit hard by weak LED equipment demand caused by industry oversupply.
Tue, Apr. 26, 9:16 AM
Tue, Apr. 26, 5:30 AM
- Aixtron Aktiengesellschaft (NASDAQ:AIXG): Q1 EPS of -€0.14 misses by €0.07.
- Revenue of €21.4M (-46.9% Y/Y) misses by €17.95M.
Mon, Apr. 25, 5:30 PM
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Wed, Mar. 23, 12:45 PM
Wed, Mar. 23, 10:20 AM
- Aixtron (AIXG +13%) "has successfully achieved all milestones in the internal qualification process" set up by leading Taiwanese LED chipmaker Epistar for Aixtron's AIX R6 MOCVD production system.
- Aixtron: "In the course of the qualification process, the AIX R6 confirmed its value proposition in terms of throughput maximization, intrinsic yield and uniformity. Particularly designed for LED mass production, the AIX R6 also demonstrated its cost advantages through precursor efficiency and continuous run production modus."
- The announcement comes three months after Aixtron tumbled in response to news Chinese LED chipmaker San'an Optoelectronics had slashed its AIX R6 orders after the system failed to meet San'an's qualification requirements. Shares have made new 2016 highs.
Tue, Feb. 23, 9:04 AM
- Aixtron Aktiengesellschaft (NASDAQ:AIXG): Q4 EPS of -€0.02 misses by €0.01.
- Revenue of €62.5M (+7.7% Y/Y) beats by €5.5M.
- Shares +1.57% PM.
Mon, Feb. 22, 5:30 PM
Fri, Jan. 22, 3:30 PM
- Plenty of tech names crushed over the first 20 days or so of January are sharply higher as the Nasdaq (up 2.4%) continues rebounding from Wednesday's intraday lows. Many still have sizable YTD losses.
- Big gainers among telecom equipment/component firms: Optical component vendors Oclaro (OCLR +9.5%) and NeoPhotonics (NPTN +6%), mobile infrastructure/services giant Ericsson (ERIC +6.2%), optical networking hardware vendor Infinera (INFN +5.2%), and microcap RF backhaul hardware firms DragonWave (DRWI +24.3%) and Ceragon (CRNT +10%). Ericsson underperformed yesterday following a pre-earnings Goldman downgrade.
- Among enterprise tech firms: Threat-prevention technology and services provider FireEye (FEYE +7.7%), big data software provider Hortonworks (HDP +16.1%), security software/services firm Rapid7 (RPD +9.1%), data governance software firm Varonis (VRNS +5.6%), and flash storage array vendor Violin Memory (VMEM +13.6%). FireEye fell slightly yesterday after making a Q4 pre-announcement and announcing a $200M+ acquisition. Hortonworks was crushed on Tuesday after a Q4 pre-announcement and stock offering shelf registration.
- Among chip industry firms: RF chipmaker Skyworks (SWKS +6%), audio codec developer Cirrus Logic (CRUS +7.3%), smart TV/home automation chipmaker Sigma Designs (SIGM +6.5%), FPGA/sensor hub maker QuickLogic (QUIK +9.2%), and chip equipment firms Axcelis (ACLS +4.9%) and Aixtron (AIXG +4.9%). Major Cirrus/Skyworks client Apple reports on Tuesday afternoon.
- Also up big: 3D printer maker 3D Systems (DDD +7.1%), Russian search leader Yandex (YNDX +7.5%), mortgage origination software firm Ellie Mae (ELLI +6.4%), Chinese solar firm Yingli (YGE +11.4%), and SMB Web services provider Wix.com (WIX +5.3%).
- Previously covered: Rosetta Stone, Live Ventures, HP Enterprise, Mitel, Mobileye, Qorvo, SunPower, SolarCity