Regulators Could Take a Year to Decide Renesas/Intersil Remedies

If remedies are necessary to safeguard Intersil’s facility in Palm Bay, Florida, where it manufactures chips for defense purposes, regulators including the Committee on Foreign Investment in the United States and the Defense Security Service are likely to take between three months to a year to decide the site’s fate, two sector lawyers told CTFN. … Read Morefeatured

Cross-Ownership Suggests Positive SanDisk/Western Digital Vote

Cross-ownership between hard disk drive manufacturer Western Digital and flash memory company SanDisk suggests that shareholders of both companies will support the merger, according to CTFN research. Shares of Western Digital have slid 40% since announcing the acquisition of SanDisk. Still, enough shareholders own stakes in both companies that they would likely vote for the deal … Read Morefeatured

ON Semiconductor Has Superior Proposal Investors Say

ON Semiconductor’s offer to acquire Fairchild Semiconductor for $20 per share in cash is superior to a Chinese investor group’s higher bid, said two hedge fund sources, one with a stake in Fairchild. Even though a consortium led by China Resources Microelectronics and Hua Capital Management bid $21.70 per share for Fairchild last week, the … Read Morefeatured

Microchip Has Advantage over Dialog in Atmel Contest

Microchip, the microcontroller manufacturer based in Chandler, Arizona, has the advantage over Dialog Semiconductor in the bidding war for Atmel, said a source familiar with the matter as well as two Atmel investors. Dialog, based in London, has the wherewithal to increase its offer, the sources said. But even if it does, Microchip probably has … Read Morepublic

Elliott’s Agitation at Dialog May Have Little Influence on European Shareholders

Elliott’s letter to Dialog Semiconductor shareholders urging investors to vote no on a share issuance that would allow the U.K.-based chipmaker to acquire Atmel may have little effect on a European investor base, said a hedge fund source and sell-side analyst. “Dialog management is a well-respected team who has a good relationship with its holders,” … Read Morefeatured

Small Base of Dialog Shareholders Influenced by Opposing ISS and PIRC Recommendations

Only a small percentage of Dialog Semiconductor shareholders are influenced by recent recommendations from proxy advisors on how to vote on the U.K.-based chipmakers’ share issuance to help fund the acquisition of Atmel, said a source familiar with the matter. The vote is November 19. Less than 10%, “a tiny fraction,” of shareholders are influenced … Read Morefeatured

Atmel Investors Likely to Vote for Dialog Deal

Despite recent published speculation to the contrary, Atmel investors will likely vote for Dialog’s buyout if no one else makes a higher offer for the California-based chipmaker, said two hedge fund sources. These sources thought that Dialog shareholders had a higher risk of failing to approve the share issuance to help pay for the Atmel acquisition … Read Morefeatured

CFIUS Could Delay Western Digital’s Closing of SanDisk Acquisition

A review by the Committee on Foreign Investment in the U.S. could delay Western Digital’s acquisition of SanDisk, said a hedge fund investor and a sell-side analyst. Both professionals pointed out that Unisplendour’s announcement that it would purchase a 15% stake in Western Digital lastfeatured

Despite Doubts Dialog’s Atmel Aquisition Expected to Complete

M&A activity in the semiconductor industry has been robust year to date and shows no signs of slowing down. At the frenzied pace of consolidation thus far, some 32% of all U.S. publicly traded semiconductor companies would be acquired in 2015, according to FBR. In the first half of the year, the value of deals … Read Morefeatured

Qualcomm Still Contemplating Split

Qualcomm is still considering splitting up the company, a source connected to Qualcomm tells CTFN. “The company’s position is the same as announced on July 22.” Late last week, Qualcomm president Derek Aberle told Reuters that splitting Qualcomm into two companies, one focused onfeatured

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