We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Sequans, the investors board
SQNS 4.840+1.7%4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: frmrVZguy5/29/2019 2:55:14 PM
  Read Replies (1) of 290
Bloomberg on Industry Consolidation: Marvell + NXP and next Cypress who bought out Broadcom's Wireless RAN tech for IoT in 2016
Cypress Is Considering a Sale After Getting Takeover Interest
By Liana Baker and Ed Hammond May 29, 2019
Cypress Semiconductor Corp. is exploring strategic options including a potential sale after receiving takeover interest, according to people familiar with the matter...
Industry Consolidation
The semiconductor industry has been reshaped over the past five years as companies combine to gain scale while fighting rising costs and shrinking customer bases. NXP Semiconductors NV announced a $1.76 billion deal Wednesday for Marvell Technology Group Ltd.’s Wi-Fi connectivity business while Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd. for $6.9 billion in March
Cypress Semi designs and manufactures flash memory chips and microcontrollers, or chips used for powering small electronic devices. In 2015, the company merged with Spansion Inc. in an all-stock deal worth about $4 billion
Cypress Semiconductor Jumps After Report Says It's Considering a Sale
A report says Cypress Semiconductor is considering a sale after receiving takeover interest. Tony Owusu Updated May 29, 2019 12:44 PM EDT... No final decision has been made on a potential sale, according to the Bloomberg report, and Cypress could choose to remain independent. But it is considering a deal, according to the news service's sources.
Adding pressure to the company is the recent acquisition of Quantenna Communications (QTNA - Get Report) by Cypress rival ON Semiconductor (ON - Get Report) . The move is designed to help bolster ON's position in the automotive chip industry.

NXP to acquire Marvell’s WiFi and Bluetooth Connectivity Assets
Wed May 29, 2019 GlobeNewswire
NXP to pay $1.76 Billion in cash for Marvell’s WiFi and Bluetooth/BLE combo solutions portfolio
Expands NXP’s Industrial & IoT, Automotive and Communication Infrastructure footprint
EINDHOVEN, The Netherlands, May 29, 2019 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NXPI) announces today that its wholly owned subsidiary has entered into a definitive agreement with Marvell (NASDAQ: MRVL) under which NXP will acquire Marvell’s Wireless Connectivity portfolio in an all-cash, asset transaction valued at $1.76 billion. The acquisition encompasses Marvell’s WiFi Connectivity Business Unit, Bluetooth technology portfolio and related assets.
The acquisition will enable NXP to deliver complete, scalable processing and connectivity solutions to its customers across its focus end markets. The acquisition includes approximately 550 people worldwide. NXP expects the acquisition to create new revenue opportunities in its target end markets. With approximately $300 million in revenue in Marvell’s fiscal 2019, NXP anticipates revenue associated with the acquired assets to double by 2022. The acquisition is expected to be accretive to NXPs non-GAAP operating profit in the first full quarter after the transaction closes.
The transaction is expected to close by the first quarter of 2020, subject to customary closing conditions, including regulatory approvals.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext