Industrial News

July 13, 2016, Laguna, Philippines — Integrated Micro-Electronics Inc. (IMI), one of the leading worldwide providers of electronics manufacturing services (EMS), ranks 6th among the top automotive EMS providers in the world based on 2015 automotive EMS revenues per electronics market research firm New Venture Research. IMI’s ranking went up to 6th from 7th in 2015 as it posted a 9.2 percent increase in automotive EMS revenues based on its audited financial statement. Engaged with nine out of the top 15 global automotive parts suppliers (based on the list of Automotive News, an automotive trade publication), IMI supplies customized [...]

As part of the agreement, ASE and Deca will jointly develop the M-Series fan-out manufacturing process and will expand production of chip-scale packages using this technology. The technology is required for the reduced size and power consumption needed for portable Internet of Things (IoT) applications and smartphones. Deca’s version of it uses autoline technology developed by SunPower to decrease cost and manufacturing cycle time.“At Cypress we have experienced the efficiency of Deca’s M-Series technology with our own chips and brought its benefits to our customers,” said T.J. Rodgers, Chairman of the Board at Deca Technologies and president and CEO [...]

Lexmark International, Inc. today announced that it has entered into a definitive merger agreement with a consortium of investors led by Apex Technology Co., Ltd. (Apex) and PAG Asia Capital (PAG), under which Lexmark will be acquired for $40.50 per share in an all-cash transaction with an enterprise value of approximately $3.6 billion, net of cash. Legend Capital Management Co., Ltd. (Legend Capital) is also a member of the Consortium. The transaction has been unanimously approved by Lexmark's Board of Directors and represents a 30 percent premium to Lexmark's undisturbed closing stock price on Oct. 21, 2015, the date prior to the [...]

Microchip Technology Incorporated, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Atmel Corporation today announced that Microchip has signed a definitive agreement to acquire Atmel for $8.15 per share in a combination of cash and Microchip common stock.  The acquisition price represents a total equity value of about $3.56 billion, and a total enterprise value of about $3.40 billion, after excluding Atmel's cash and investments net of debt on its balance sheet of approximately $155.0 million at December 31, 2015. "We are delighted to welcome Atmel employees to Microchip and look forward to closing the transaction and working together to realize the [...]

Agreement Expands Distribution Partnership to Include All Cypress Products, Opening up New Opportunities for Growth in Japanese Market SAN JOSE, Calif. and TOKYO, Sept. 11, 2015 /PRNewswire/ -- Cypress Semiconductor Corp. (NASDAQ: CY) and Fujitsu Electronics Incorporated (FEI) today finalized an agreement that will significantly expand FEI's role as a distribution partner for Cypress. In the wake of Cypress's merger with Spansion Inc. in March 2015, the agreement replaces the two prior agreements between Spansion and FEI, providing FEI with access to the products covered by the prior agreements and adding Cypress's entire product line, including PSoC® Programmable System-on-Chip devices, automotive touch-sensing solutions, SRAM and nonvolatile memories, Bluetooth Low Energy solutions [...]

ITASCA, Ill.--(BUSINESS WIRE)--Jul. 1, 2015-- Knowles Corporation (NYSE: KN), a market leader and global supplier of advanced micro-acoustic solutions and specialty components, today announced the successful completion of its cash and stock tender offer for all the outstanding shares of common stock of Audience, Inc. The acquisition will expand Knowles’ existing expertise in intelligent audio and signal processing solutions through Audience’s strong engineering team and robust patent portfolio. The highly complementary product and technology portfolios will enable Knowles to deliver comprehensive audio solutions to its customers. The offer expired as scheduled at 12:00 midnight (one minute after 11:59 p.m.), Eastern Time, on June 30, 2015. Following [...]

Cypress Semiconductor got a price target increase Monday from an analyst who sees significant cost synergies from its acquisition of Spansion last week, and he ponders whether the 1,600 job cuts reportedly in the works mean that the company will exit some of its businesses. RBC Capital Markets analyst Doug Freedman, in a research report Monday, increased his price target for Cypress stock to 18 from 17 after the merger with Spansion. San Jose, Calif.-based Cypress Semiconductor, which specializes in microcontrollers and flash-memory chips in automotive, industrial and consumer markets, announced Friday that it had closed the merger, which [...]

Merger Creates $2 Billion Global Leader in MCUs and Specialized Memories for Embedded Systems No. 1 in SRAMs, No. 1 in NOR flash and No. 3 in MCUs and Memories for the Automotive Market SAN JOSE, Calif., March 12, 2015 /PRNewswire/ -- Cypress Semiconductor Corp. (NASDAQ: CY) and Spansion, Inc. (NYSE: CODE) today announced that they have closed the merger of the two companies in an all-stock, tax-free transaction valued at approximately $5 billion. In a special meeting earlier today, Cypress shareholders approved the issuance of 2.457 shares of Cypress stock to Spansion shareholders for each Spansion share they own. Spansion shareholders approved the merger in a separate special meeting. [...]

Mitsubishi Motors Philippines Corporation (MMPC), one of the country’s leading automotive brands and with more than 50 years of automotive manufacturing experience in the Philippines inaugurates its new manufacturing plant located in a 21-hectare facility which it acquired last year in Greenfield Automotive Park in Sta. Rosa, Laguna. The acquisition and transfer to Sta. Rosa, Laguna is part of Mitsubishi Motors Corporation’s (MMC) “New Stage 2016” Mid-term plan of reinforcing business in the Philippines as a core market following Thailand and Indonesia. This is in preparation for MMC’s further business development in the ASEAN countries. MMC has recognized MMPC’s [...]

Infineon Technologies AG of Munich, Germany has completed its acquisition (announced on 20 August) of International Rectifier Corp (IR) of El Segundo, CA, USA, following the approval of all necessary regulatory authorities and International Rectifier’s shareholders. The deal is worth about $3bn (with Infineon paying $40 per outstanding share of International Rectifier). Infineon (which has about 29,800 staff) had sales of Euro 4.3bn in fiscal 2014 (to end-September). Power management technology provider International Rectifier (which has 4200 staff) reported revenue of $1.1bn for fiscal 2014 (ending 29 June). “The acquisition of International Rectifier is an important step for [...]