Latest electronics industry Shenanigans

ISSI Going Chinese

After six competing bids, it looks as though ISSI is going to the Chinese. Although Cypress has upped its bid to $22:60 a share, this is below the $23 offer by Chinese private equity consortium Uphill Investments led by Summitview Capital of Hong Kong. It is believed that the…

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Round 5: The Fight Hots Up

It’s Round Five and a body blow from the San Jose Slugger has put the Hong Kong Hustler on the ropes. Fred Dart reports that T.J has lifted his bid for ISSI to $22.25 a share. Can the Hustler recover? Slugger is looking chipper, citing ‘strategic’ reasons…

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Uphill All The Way?

Uphill has bid again in its fight with Cypress for ISSI reports DontAgree. After T.J.’s bid of $21.25 yesterday, Uphill has tried to trump him with a shut-out $22 a share punt. Or is it? Maybe it won’t be a shut-out. Maybe Cypress has…

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Schadenfreude For The Finns

The Finns will be feeling a little better today. One of the architects of the demise of their erstwhile pride and joy, Nokia, has himself been re-architected. Stephen Elop has been fired from Microsoft. “Stephen and I have agreed that now is the right time for him to retire…

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ST Unions Call For Bozotti Sacking

The French unions involved in STMicroelectronics have sent a joint letter to the French government calling for the sacking of CEO Carlo Bozotti. There is a board meeting on June 24th at which Bozotti could be ousted. The unions involved are: CFDT, CFE-CGC, CGT and UNSA. It is the…

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Bidding War For ISSI

The bidding war for ISSI continues with a $21 a share bid from a consortium called Uphill Investments led by Chinese private equity company Summitview Capital which values ISSI at $698.7 million. Uphill ‘s original bid in March was at $19.25 a share valuing ISSI at $639 million…

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Snooping

We’ve all ceased to be surprised by the ways in which the authorities snoop on us – back-doors, doctored SIM cards, tapped communications cables etc but a wheeze that has just been identified is fake mobile phone towers. These are being used by the Met to listen to mobile…

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Oregonian Woe

If you work for a company that has just spent $16.7 billion buying another company you’d be pissed off to get the sack. But fresh on the heels of its Altera purchase, Intel is preparing lay-offs says The Oregonian newspaper. Intel has 17.500 employees in the…

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NXP raises more debt

NXP is to raise $1 billion to help pay for its Freescale acquisition. It will offer $500 million senior notes due 2020 and $500 million senior notes due 2022. $2 billion of the $11.8 billion purchase price for Freescale is payable in cash. NXP has $1.4 billion in…

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The High

Despite the fact that received industry wisdom says that mergers in the semiconductor industry don’t work, the industry is gripped by merger mania…

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Let's Hear It For The Hacks

A pat on the back for that much maligned life form the British journo. Without a relentless investigation by British hacks FIFA would never have been brought go book…

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Avago-Broadcom!

After Infineon-IR, NXP-Freescale, Intel-Altera, the wacky world of semis brings you Avago-Broadcom!!

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Sharp's Options Closing

Sharp’s options for survival are closing with Japan’s government lifeboat, the Innovation Network Corp of Japan (INCJ) which led rescues of Renesas and Japan Display Inc, reportedly unwilling to bail the company out…

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