Tech & Comm Services
Cypress Semiconductors Rises following a Fall after Brexit
Cypress Semiconductors (CY) has a market capitalization of $3.4 billion. It rose by 10.5% to close at $10.55 per share on June 30, 2016.
What’s Really Driving Atmel’s Stock Volatility?
Atmel has a PE (price-to-equity) ratio of 80.3, which is way higher than Intel’s (INTC) 12.9, Texas Instrument’s (TXN) 18.19, and Microchip’s (MCHP) 26.9.
What’s Been Such a Drag for Atmel’s Core Business?
Atmel’s revenue from MCUs fell by 23.6% YoY to $183.1 million in 4Q15 and by 18.7% YoY to $808 million in 2015. MCU accounts for 70% of its total revenues.
Gauging the Impact of the Microchip-Atmel Merger on Atmel Shareholders
On September 20, 2015, Dialog Semiconductor agreed to buy Atmel for ~$4.6 billion. But in December, Microchip made a competing bid of nearly $3.6 billion.
How Much Did the Freescale Acquisition Impact NXP Semiconductors’ Balance Sheet?
As of December 31, 2015, NXP Semiconductors’ cash reserves stood at $1.6 billion, and its long-term debt stood at $8.6 billion.
How Will the Atmel Acquisition Impact Microchip’s Balance Sheet?
Microchip has been acquiring small companies and integrating them successfully, but now it’s announced a major merger with Atmel, which is ~47% its size.
Microchip’s Analog Revenue Boosted Total Revenues in Fiscal 3Q16
Analog accounted for 31.2% of Microchip’s revenue in fiscal 3Q16—its highest contribution since the company’s inception.
Company & Industry Overviews
Germany to Drive Growth in European Semiconductor Industry
Despite growth in Europe’s semiconductor industry, it’s unlikely to grow as fast as its Asian counterparts. The EC launched its “10/100/20” strategy in 2013.
A Competing Bid to Dialog Semiconductor’s Offer to Atmel
Atmel didn’t disclose the name of the bidder, but according to a Reuters article, the potential bidder is likely to be Microchip Technology (MCHP).
What Is Micron’s Strategy Behind the Inotera Acquisition?
Let’s explore Micron Technology’s (MU) Strategy for the Inotera Acquisition. So far, we saw that Micron agreed to acquire Inotera for a 30% premium.
Micron Technology to Acquire Inotera for a 30% Premium
Intel’s memory chip partner Micron announced that it’s acquiring the remaining 67% stake in its joint venture partner Inotera Memories for $4.1 billion.
Was It Wise for Skyworks to Give Up on PMC-Sierra?
While many analysts did not expect Skyworks to give up on PMC-Sierra so soon, they found the decision to be a wise one.
Lam and KLA-Tencor Join the Semiconductor Acquisition Spree
Lam Research has agreed to acquire KLA-Tencor in a $10.6 billion cash-stock transaction. The deal values KLA-Tencor at about $67.02 per share.
Microsemi Offers $2.2 Billion in Competition for PMC-Sierra
Microsemi, a manufacturer of high-performance semiconductors, made a cash-stock offer of $2.2 billion to acquire semiconductor company PMC-Sierra (PMCS).
Atmel’s Financial Highlights before Merger Announcement
In fiscal 2Q15, Atmel’s revenue dropped 14% year-over-year to $306.4 million.
Cypress Said It Wasn’t Competing with Dialog for Atmel Acquisition
Cypress was rumored to have challenged Dialog’s offer for Atmel. Cypress denied the rumors, stating that it had approached Atmel’s board in the past, but had withdrawn from the bid.
What Makes Atmel an Attractive Acquisition Target?
Semiconductor giants look to acquire chip makers with broad portfolios of products serving the IoT space.
Key Synergies from the Atmel-Dialog Merger
The combined company from the merger of Atmel (ATML) and Dialog will become a global leader in both power management and embedded processing solutions.
Key Points of the Atmel-Dialog Merger Agreement
The UK-based chip maker Dialog has agreed to buy US-based Atmel (ATML) for approximately $4.6 billion to expand in the automotive and Internet of Things space.
Atmel Joined the Semiconductor Consolidation Trend Last Month
Atmel (ATML), a US-based manufacturer of microcontrollers, is an active player in developing advanced semiconductors for Internet of Things devices.