Pericom says no to Chinese takeaway

Stefan Mileschin · 20th November 2015, 20:07

While the rest of the chip industry is consolidating like a mad thing to make a buck or two, Pericom Semiconductor has just turned down an offer from the Chinese outfit Montage in favour of a cheaper deal from Diodes.

The deal was believed to be $442 million offer which trumped a rival bid from Diodes.

The reason Pericom said no, was not the money but the “regulatory hurdles” and a lack of committed financing” for the deal.

Pericom makes connectivity and power management chips and it did not believe that Montage was “unable or unwilling to obtain fully committed financing.”
This was news for the Chinese analogue chip maker Montage which said that it had secured committed financing, and said Pericom was employing “scare tactics”.

http://www.techeye.net/business/peri...inese-takeaway

20th November 2015, 20:07	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Pericom says no to Chinese takeaway While the rest of the chip industry is consolidating like a mad thing to make a buck or two, Pericom Semiconductor has just turned down an offer from the Chinese outfit Montage in favour of a cheaper deal from Diodes. The deal was believed to be $442 million offer which trumped a rival bid from Diodes. The reason Pericom said no, was not the money but the “regulatory hurdles” and a lack of committed financing” for the deal. Pericom makes connectivity and power management chips and it did not believe that Montage was “unable or unwilling to obtain fully committed financing.” This was news for the Chinese analogue chip maker Montage which said that it had secured committed financing, and said Pericom was employing “scare tactics”. http://www.techeye.net/business/peri...inese-takeaway

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Could the Chinese snap up GloFo?	Stefan Mileschin	WebNews	0	4th September 2015 10:21
Chinese roll a Cuban	Stefan Mileschin	WebNews	0	12th May 2015 06:38
Chinese make iWatch for $40	Stefan Mileschin	WebNews	0	13th March 2015 07:00
AMD might get lots of Chinese cash	Stefan Mileschin	WebNews	0	16th February 2015 06:41
Chinese censorship might not be overreaching	Stefan Mileschin	WebNews	0	11th September 2013 08:55
Pericom Launches USB 3.0 Signal Conditioning Family	Stefan Mileschin	WebNews	0	3rd April 2012 08:19
Blatant Chinese rip-off of the Wii - the Vii	jmke	WebNews	0	4th October 2007 00:07
Intel to build Chinese fab	jmke	WebNews	0	26th March 2007 16:24
Chinese New Year 2007	Sidney	WebNews	2	18th February 2007 02:00
The INQ goes on the trail of Chinese pirates	jmke	WebNews	1	9th February 2007 17:35