Industrial News

An NXP Semiconductors spinoff is taking its first steps as an independent supplier of standard products like discrete components, logic, and power switches. Nexperia, as the new company is called, is composed of the NXP's former standard products business. Last year, the Dutch chip maker sold the division to Chinese investors to sharpen its focus on mixed-signal electronics for security, embedded computing, and connected cars. Based in Nijmegen, Netherlands, the company has around 11 thousand employees, a fourth of NXP's entire workforce. The former vice president and general manager of the standard products business, Frans Scheper, is the chief executive. Nexperia [...]

Chinese investors' deal to buy Lattice Semiconductor came under attack Tuesday from 22 members of Congress, including one from Oregon. They want the U.S. Treasury Department to intervene and halt the $1.3 billion sale. Lattice, Portland's biggest tech company, makes chips that play a supporting role in a range of digital devices. Its field programmable gate array, or FPGA, is found in such products as communications networking gear, digital cameras and smartphones, Lattice, Portland's biggest tech company, makes chips that play a supporting role in a range of digital devices. Its field programmable gate array, or FPGA, is found in such [...]

Activist investor Starboard Value LP has acquired a stake in aircraft component maker Rockwell Collins Inc.(COL.N) and is questioning its $6.4 billion purchase of B/E Aerospace Inc.(BEAV.O), a person familiar with the matter said on Wednesday. Bloomberg reported earlier on Wednesday, citing sources, that Starboard had asked Rockwell Collins to explore alternative options, including selling itself. Rockwell Collins has yet to receive any formal letter from Starboard, the source said. The source asked not to be identified because the matter is confidential. Rockwell's shares were up 2.7 percent at $95.20 in extended trading on Wednesday, while B/E Aerospace [...]

ON Semiconductor Corporation and Fairchild Semiconductor International, Inc. jointly announced today that ON Semiconductor has successfully completed its previously announced $2.4 billion cash acquisition of Fairchild. “The acquisition of Fairchild is a transformative step in our quest to become the premier supplier of power management and analog semiconductor solutions for a wide range of applications and end-markets,” said Keith Jackson, president and CEO of ON Semiconductor. “Fairchild provides us a platform to aggressively expand our profitability in a highly fragmented industry. With the addition of Fairchild, our industry leading cost structure has further improved in a significant manner [...]

AYALA-LED Integrated Micro-Electronics Inc. (IMI) has acquired a 76 percent stake in a German optical bonding and display solutions provider in a move seen boosting its growth and presenting more opportunities in other segments. In a disclosure to the Philippine Stock Exchange (PSE), IMI said it has signed a definitive agreement with Germany-based VIA optronics GmbH (VIA) allowing for its acquisition of 76 percent of VIA for 47.4 million euros ($53.4 million, P2.48 billion). VIA specializes on optical bonding and display, which enhances visibility and performance of display systems for curved, plastic, 3D and large size applications especially in [...]

US solar manufacturer and developer Sunpower Corp. recorded increased GAAP revenues of $420.5 million for Q2 2016 compared to $381.0 million in Q2 2015. The company recorded a sharp year-on-year decrease in GAAP net income from $6.5 million in Q2 2015 to net loss of $70.0 million in Q2 2016.The company announced due to »the realignment of our power plant segment principally around our core markets, we have made the decision to close our Philippine panel assembly facility and transfer the equipment to our latest generation, lower cost facilities in Mexico,« furthermore workforce reduction of approximately 15 percent or [...]

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 [...]