Programmable logic chip maker, dean Semiconductor (Lattice Semiconductor corp.) reportedly is cooperating with investment Banks, find out the possibility of a sale of the company; At the same time, according to a report in the Reuters news agency (Reuters), the news has aroused the interest of a potential Chinese buyer.
Reported, citing anonymous sources said Lattice is cooperating with Morgan Stanley (Morgan Stanley), to carefully assess potential buyers, including a Chinese operator's attention. The report pointed out that, on condition of anonymity said this person is unable to determine the Lattice whether or not to approve any deal.
China's enterprises and venture capital (VC) funds recently have bid for the high-tech enterprises, especially the chip company. China's government has announced last year will invest $161 billion over the next 10 years, plan actively foster domestic development of semiconductor industry.
However, in recent weeks, the us technology company focused on two major trade with China, the unable to parry the foreign investment commission (CFIUS) under the scrutiny of ended in failure. Is first and last week, when the CFIUS announced plans, after reviewing China purple light group (Unisplendour) gave up the $3.8 billion deal to buy Western Digial corp. (WD) about 15% stake. In mid-february, quick semiconductor (Fairchild) ’Ì turned down China Resources Microelectronics (China Resources Microelectronics ltd.) and China investment (Hua Capital Management Co., Ltd.) of the offer, the company made it clear that CFIUS will stop the Chinese bought by a deal.
CFIUS is across the federal government departments, shall have the right to review may lead to American companies under foreign control risk trades. With the expansion overseas m&a, Chinese CFIUS is becoming to defend the national security the first line of defense. According to the CFIUS, according to the recently released annual report is the recent foreign mergers and acquisitions of Chinese enterprises review key: in 2014, complete the review of the 147 deal, Chinese accounting for 24 pieces, namely for four times in 2010, and the third year in a row ahead of the rest of the world countries; From 2012 to 2014, cumulative review of Chinese number up to 68 pieces, it saw.
Semiconductor industry is at an unprecedented wave of a wave of consolidation. , according to market company IC Insights in 2015 alone, the value of the deal announced by semiconductor industry more than $105 billion, a semiconductor company in the past five years, the annual average of 8 times m&a deals worth more.
Lattice is in addition to Altera (Altera has outside by Intel acquired last year's second big programmable logic component suppliers. The company has yet to make any comment on the reports.
