Merger talks are underway between specialised foundry AMS and Dialog with AMS needing to make an offer for Dialog by July 24th if the acquisition is to happen.
AMS says: 'AMS and Dialog confirm that the two companies are in preliminary discussions regarding a possible merger of equals of AMS and Dialog Semiconductor. These discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming.'
Dialog has also issued the same statement.t
AMS had revenues of $502 million last year and has a market cap of $2.3 billion while Dialog had revenues of $903 million last year and has a market cap of $1.8 billion.