Corning has announced it has entered into agreements with 3M to purchase substantially all of 3M's Communication Markets Division in a cash transaction valued at approximately US$900 million. The acquisition is expected to close during 2018, subject to customary closing conditions and regulatory approval.
Qualcomm has confirmed receipt of Broadcom's nomination of a slate of candidates to replace Qualcomm's existing board of directors at the company's 2018 annual meeting of stockholders.
SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering to spend more than US$6 billion for a stake that would value the ride-hailing company at US$48 billion, or about 30% lower than the valuation it fetched in its most recent round of fundraising, according to people familiar with the deal.
Chipmaker Broadcom is considering raising its offer to buy rival Qualcomm by offering more of its own stock, following consultation with several of Qualcomm's top shareholders, according to people familiar with the matter.
Qualcomm investors want at least US$10 more than the US$70-a-share Broadcom is offering. If history is any guide, they might get partway there.
In another consolidation move in the semiconductor industry, chipmaker Marvell Technology announced it will acquire competitor Cavium for approximately US$6 billion. It's estimated that the combined company will generate about US$3.4 billion in annual revenue.
Toshiba has entered into negotiations to sell its money-losing personal computer operations to Asustek Computer of Taiwan, continuing to shed noncore businesses to get its tattered finances back in order.
Nikkei Asian Review
Qualcomm may win European Union approval for its takeover of NXP Semiconductors by the end of the year after striking a final deal with regulators on patent licensing issues, according to people familiar with the review.
Embattled Japanese electronics-maker Toshiba said on Tuesday it has agreed to sell its television subsidiary to Hisense Group, a major Chinese electronics manufacturer.
Nikkei Asian Review
Apple's acquisition of InVisage is very exciting as iPhone cameras are becoming a key feature to keep their smartphones ahead of the pack.
Synopsys and Black Duck Software have signed a definitive agreement for Synopsys to acquire privately held Black Duck, a leader in automated solutions for securing and managing open source software.
Qualcomm is preparing to fend off an unsolicited $100 billion takeover bid from Broadcom Ltd., arguing it undervalues the company, according to people familiar with the plans.
If Canyon Bridge Capital Partners (Palo Alto, Calif.) succeeds in purchasing Imagination Technologies without a hitch, it will be the very first time the Chinese government-backed buyout fund has closed any deal since the firm was founded in 2016.
Richard Clemmer, CEO of NXP Semiconductors, during the company's third quarter financial results announcement, reversed a long-held position in conceding that Qualcomm's $38 billion acquisition of NXP will not happen - as promised - this year. The deal, Clemmer admitted, is likely to slip to "early 2018."
The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on October 20, 2017.
Lattice Semiconductor is considering seeking President Donald Trump's approval of its proposed takeover by a China-backed buyer after a secretive national security panel repeatedly rebuffed the companies, according to a person familiar with the matter.
SK Hynix is reportedly considering taking legal action against Toshiba after being rebuffed by the Japanese conglomerate during the auction process of a memory-chip unit without appropriate notice, according to sources close to the matter.
The Korea Bizwire
Toshiba may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said late on Tuesday.
Cisco has announced its intent to acquire Springpath, a Sunnyvale-based leader in hyperconvergence software. Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. The acquisition will allow Cisco to continue to deliver next-generation data center innovation to its customers.
Citing national security concerns, a US semiconductor-testing company, Cohu, is mounting a quiet campaign to derail the planned US$580 million sale of an American rival, Xcerra, to a Chinese state-backed group, according to documents reviewed by WSJ.
Wall Street Journal
Qualcomm Technologies is announcing the acquisition of Scyfer, a company affiliated with University of Amsterdam and focused on cutting-edge machine learning techniques, to add a talented team to its roster.
A China-backed firm whose deal to buy an American semiconductor company has stalled before a US government panel is taking the unusual step of going public with its frustrations, saying China-bashing in the US is holding up the acquisition.
Wall Street Journal
Qualcomm's already hefty bid to buy rival NXP Semiconductor for about $38 billion could become more expensive now that active investor Elliot Management has entered the picture.
Western Digital said it will move forward with arbitration to get a say over Toshiba's sale of its chip unit after the Japanese company agreed to provide notice before closing.
Imagination Technologies has become a takeover target for a private equity fund backed by the Chinese government.
Daily Telegraph (UK)
Last summer LeEco announced it intended to purchase the US-based TV maker Vizio for US$2 billion. The deal fell through in March amid myriad problems surrounding LeEco, including a major cash crunch. Allegedly the deal included a US$100 million buyer-termination fee and now Vizio has filed suit in a California court to collect payment.
Foxconn chairman Terry Gou told Nikkei Asian Review about the arrangements in an exclusive interview, a week after he said that Apple and Amazon were financially backing Foxconn's efforts in vying for Toshiba's memory chip unit.
Nikkei Asian Review
Investors including Elliott Management are seeking to pressure NXP Semiconductors to renegotiate with Qualcomm to persuade the US company to raise its US$110-a-share purchase offer, according to people familiar with the process.
The Mali-C71 is the first development to come out of ARM's 2016 acquisition of Apical, which gave ARM the capabilities in imaging and computer vision necessary to meet the automotive market's needs.
BlackBerry's $815 million arbitration award in a dispute with Qualcomm is a positive for the company and it's likely to use the money to seek acquisitions to bolster its business, analysts said Wednesday.
Marketwatch.com (Dow Jones)
A Chinese private equity firm has cut a deal to acquire Xcerra, a Massachusetts-based supplier of semiconductor and electronics test equipment, for $580 million, Xcerra said Monday (April 10).
Imagination Technologies was forced to issue an announcement on Apple's intention to stop using its GPU tech in the next 15-24 months. With over 50% of Imagination Technologies' revenue coming from Apple alone, its share price understandably collapsed 70%.
Executives at Chinese tech companies say that China's acquisitive forays into foreign chip sectors are now meeting resistance due to increasing wariness of overseas authorities and companies.
Nikkei Electronics Asia
Lattice Semiconductor has moved a step closer to being acquired by an investment firm backed by China's central government, announcing Tuesday (Feb. 28) that its shareholders have approved the terms of the $1.3 billion deal.
Toshiba is looking to raise at least JPY1 trillion (US$8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a person familiar with the matter.
An Apple patent grant on Tuesday suggests the company is looking to leverage its LuxVue acquisition to integrate display technology capable of reading a user's fingerprint without a dedicated sensor, a design feature rumored to see release with "iPhone 8."
Austrian chip maker AMS said on Tuesday it saw potential for strong revenue growth in 2017 helped by its acquisition of optical sensor maker Heptagon in Singapore, sending it shares up nearly 19%.