Fri, Jan. 8, 2:55 PM
- Bloomberg reports Texas Instruments (TXN -1.8%) and Analog Devices (ADI +0.6%) have decided against bidding for fellow analog/mixed-signal chipmaker Maxim Integrated (MXIM -4%). Maxim has dropped on the report; TI was already lower.
- Bloomberg previously reported of buyout interest in Maxim from both TI and ADI. With a current $9.4B market cap, an acquisition of Maxim would be among the larger deals (though not the largest) seen during the chip industry's ongoing M&A wave.
Dec. 9, 2015, 12:07 PM
- "We believe Maxim (MXIM +1.6%) will likely be acquired and TXN is the most likely acquirer," writes Nomura's Romit Shah, upgrading Maxim to Buy and hiking his target by $14 to $47.
- Shah, who also upgraded Intel today: "After a strong year of consolidation in 2015 (with a record 49 transactions at an estimated total value of $120bn), we expect the remaining marquee (>$10bn market cap) semiconductor names to be in focus in 2016, with MXIM at the top of the short list."
- He sees Texas Instruments (TXN -1.2%) as the most likely buyer due to "the strategic nature" of a deal between the analog/mixed-signal chipmakers, and a belief Maxim's high cash flow yield would meet TI's valuation requirements.
- Bloomberg reported in October TI had approached Maxim about an acquisition. Rival Analog Devices has also reportedly held deal talks with Maxim.
Jun. 19, 2015, 4:43 PM
- Texas Instruments (NASDAQ:TXN) could be gearing up to make the next big deal in what already has been a record-breaking year for M&A in the semiconductor industry, bankers and analysts tell Reuters.
- TXN is said to be looking for large acquisitions, and held talks to acquire Maxim Integrated Products (NASDAQ:MXIM) late last year but the company decided not to sell itself; analysts say TXN also could look at Analog Devices (NASDAQ:ADI), Linear Technology (NASDAQ:LLTC), Microchip Technology (NASDAQ:MCHP), Intersil (NASDAQ:ISIL) and Atmel (NASDAQ:ATML).
- FBR analyst Christopher believes TXN should act by the end of the year while NXP, one of its fastest growing rivals, is tied up awaiting approval for its merger with Freescale Semiconductor; TXN reportedly considered buying Freescale before NXP acquired it in March.
Oct. 15, 2012, 4:05 AM
Amazon (AMZN) is in negotiations to acquire TI's (TXN) cellular-chip operations in a deal that would be worth billions of dollars, the Calcalist Israeli newspaper reports. TI, whose chips are used in Kindle devices and Barnes & Nobles' (BKS) Nooks, has already said it won't invest in supporting its customers' plans for smartphones and tablets to the same extent as previously.| Oct. 15, 2012, 4:05 AM | 9 Comments
Aug. 22, 2012, 9:30 AM
Qualcomm (QCOM) is set to acquire Israeli chipmaker DesignArt Networks for $120M-$140M, Globes reports. DesignArt develops processors for 3G/4G base stations and mobile backhaul gear, and is a leader in the growing market for small base station chips. The purchase should help Qualcomm, which already has a sizable base station processor business, compete with rivals such as Cavium (CAVM), Texas Instruments (TXN), and Broadcom's (BRCM) NetLogic division.| Aug. 22, 2012, 9:30 AM
Sep. 2, 2011, 4:27 PM
Microsemi (MSCC) may abandon its hostile bid for Zarlink Semiconductor (ZLKKF.PK), now that Zarlink shares are trading 9% above Microsemi's offer price of C$3.35. Zarlink claims to be in talks with 15 interested parties about a buyout; analysts name INTC, TXN, and QCOM as potential suitors, given Zarlink's wireless medical chip technology.| Sep. 2, 2011, 4:27 PM
Jul. 18, 2011, 9:02 AM
Maxim Integrated (MXIM) is acquiring SensorDynamics, a developer of MEMS sensor chips. The acquisition should help Maxim compete against MEMS market leaders such as Texas Instruments (TXN), HP (HPQ), and STMicroelectronics (STM). Last year, Yole Development estimated the MEMS market will grow from over $7B in 2010 to $16B in 2014.| Jul. 18, 2011, 9:02 AM
May 11, 2011, 3:14 PM
FBR Capital considers recent chip deals for Atheros (ATHR) and National Semi (NSM) a "solid start for tech M&A," citing SLAB, ATML, FCS, IRF, MXIM, ADI, LLTC and ISIL as potential takeover targets. Given techs' increasing confidence about the economy and that balance sheets are flush with cash, "more M&A activity could be on the come."| May 11, 2011, 3:14 PM
May 9, 2011, 11:36 AM
Nvidia (NVDA +0.6%) plans to pay $367M for U.K. firm Icera, which makes baseband ("soft radio") chips for 3G and 4G mobile handsets - setting Nvidia up to offer both the key processors in mobile phones. The company says baseband is growing fast, at $15B annually; while Nvidia and Intel (INTC) ramp up in that segment, Texas Instruments (TXN) is getting out.| May 9, 2011, 11:36 AM