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30th November 2015, 07:45 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,055
| Chip company mergers and acquisitions reach $80 billion Interest in writing cheques for chipmakers through mergers and acquisitions (M&As) is expected to pick up. Chipmakers have already announced over $80 billion worth of M&As in 2015. Chipmakers are acquiring peers to expand capacity and capabilities ahead of an explosion in demand for all kinds of semiconductors necessitated by the Internet of Things. Hidetoshi Shibata, chief financial officer of Japan’s Renesas, said that the days of chip companies growing through their own development are over and the only way to get bigger is by buying a rival. The biggest buyers are the Chinese whose aggressive cheque book is pushing the value of merger targets beyond rivals’ reach. The leader is Tsinghua Unigroup which has spent $10 billion on M&As over the past two years and plans for almost $50 billion more over the next five. http://www.techeye.net/business/chip...ach-80-billion |
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