- January 30 2012
ABB and Thomas & Betts Corporation announced that both companies' boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion. The acquisition price represents a 24 percent premium to Thomas & Betts' closing stock price on
January 27, 2012 and a 35 percent premium to the volume weighted average stock price over the past 60 trading days. The transaction is subject to approval by Thomas & Betts shareholders as well as to customary regulatory approvals, and is expected to close by the middle of 2012.
The complementary combination of Thomas & Betts' electrical components and ABB's low-voltage protection, control and measurement products would create a broader low voltage portfolio that can be distributed through Thomas & Betts' network of more than 6'000 distributor locations and wholesalers in North America, and through ABB's well established distribution channels in Europe and Asia.
- January 27 2012
MagnaChip Semiconductor Corporation announced that its Korean subsidiary has entered into a definitive agreement to acquire Dawin Electronics Co. Ltd., a privately held semiconductor company that designs and manufactures Insulated Gate Bipolar Transistor (IGBT), Fast Recovery Diode (FRD) and MOSFET modules. Dawin Electronics is headquartered in Incheon, South Korea, and has sales offices in China and Europe. Terms of the deal were not disclosed.
- January 25 2012
Qualcomm Inc. acquired fabless MEMS display startup Pixtronix Inc. Qualcomm confirmed the purchase but did not give any details. It also declined to discuss the price. However, according to rumors, Qualcomm has paid between $175 million and $200 million for the startup.
- January 23 2012
Semtech Corporation, a supplier of analog and mixed-signal semiconductors, and Gennum Corporation, a supplier of high speed analog and mixed-signal semiconductors for the optical communications and video broadcast markets, announced they have entered into a definitive arrangement agreement for Semtech to acquire all of the outstanding shares of Gennum for a total consideration of approximately CDN$500 million (approximately US$494 million based on the exchange rate on January 20, 2012 of CDN$0.9868 to US $1.00).
- January 23 2012
Synopsys, Inc. announced that it has closed the acquisition of ExpertIO, Inc., an independent provider of verification IP (VIP) for industry standard protocols. The addition of ExpertIO's team of protocol experts and its strong portfolio of storage VIP will accelerate Synopsys' delivery of a broad line-up of high-performance, easy-to-use, full-featured VIP that can help designers address their growing verification challenges. The terms of the deal have not been disclosed.
- January 23 2012
QLogic Corp., a supplier of high performance network infrastructure solutions, announced a definitive agreement to sell the product lines and certain assets associated with its InfiniBand business to Intel Corporation for $125 million in cash. The sale is expected to close within this quarter, following the satisfaction of regulatory requirements and other customary closing conditions.
- January 20 2012
Microsemi Corporation, a provider of semiconductor solutions differentiated by power, security, reliability and performance, announced it has acquired the telecom clock generation, synchronization, packet timing and synthesis business from Maxim Integrated Products, Inc. The terms of the transaction were not disclosed.
According to Microsemi the acquired product lines and technology are vital to the effective and efficient delivery of time-sensitive voice, data and multimedia traffic over wireless and wired networks, and will further provide Microsemi's customers with the critical synchronization components required to harmonize system and network clocks, as well as the synthesis products required to distribute timing clocks throughout each system.
- January 12 2012
Apple confirmed it had bought Israel's Anobit, a maker of flash storage technology.
Anobit has developed a chip that enhances flash drive performance through signal processing. The chip is already incorporated in Apple devices such as the iPhone, iPad and the MacBook Air.
Apple bought Anobit for as much as $500 million. It's Apple's first acquisition of an Israeli company. Apple declined to comment at the time.
- January 05 2012
Mindspeed Technologies, Inc., a supplier of semiconductor solutions for network infrastructure applications, announced that it has signed a definitive agreement to acquire U.K.-based Picochip Limited, a supplier of integrated system-on-chip (SoC) solutions for small cell base stations, for a purchase price of approximately $51.8 million, plus a potential earnout payment of up to $25 million payable in the first calendar quarter of 2013.
- January 05 2012
Marvell announced it has completed the acquisition of Sweden-based Xelerated, AB, a technology innovator in network processing and programmable Ethernet switching solutions for the design of Carrier Ethernet, Unified Fiber Access, Mobile Backhaul and Transport platforms. Xelerated's AX and HX family of network processor and programmable switches complements Marvell's existing product portfolio of packet processors, ARM-based SoCs, wireless and low-power physical layer devices widely used in infrastructure, data center and enterprise networking equipment.
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