Latest electronics industry Shenanigans

Good For China

Good old China. As the owner of a Samsung phone I am well pissed off with the number of pre-installed apps on the phone which seem difficult or impossible to get rid of. As well as taking up storage space they also, I suspect, suck both juice and data…

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Oxi

There’s something exhilarating about the ‘No’ vote. One thing about it is that we now get to see who was bluffing – do the EU institutions see keeping the Eurozone together as more important than imposing financial rectitude on Greece? We shall soon see. But the best thing about the…

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Did She Walk Or Was She Pushed?

Was she pushed or did she walk? The semiconductor industry is wondering whether the departure of Intel’s president last week was her choice or Intel’s. In the way of these things it looks like her choice. She is staying on for six months to see through a transition…

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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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