Handset chip designer MediaTek Inc (聯發科) plans to fully acquire broadband chip supplier IC Plus Corp (九暘電子) for NT$1.51 billion (US$52.94 million) through one of its subsidiaries, the company said on Sunday.
Airoha Technology Corp (絡達科技), a MediaTek subsidiary, has offered to buy all 68.55 million shares of IC Plus at NT$22 per share, MediaTek said in a regulatory filing.
The figure represents a 15.8 percent premium on IC Plus’ closing price of NT$19 on Friday.
Photo: David Chang, EPA-EFE
IC Plus yesterday rose by the daily limit of 10 percent to NT$20.9 on the Taipei Exchange.
The deal “will help the company develop broadband communications chips and related products, and enhance the company’s competitiveness. The transaction will have a positive impact on the company’s business,” MediaTek said in the filing.
IC Plus, which makes chips used primarily in Ethernet transceivers or switches, would see its shares delisted from the exchange upon the completion of the transaction.
The deal is subject to the approval of shareholders at an extraordinary meeting on Feb. 23.
IC Plus swung into a loss of NT$997 million in the first three quarters of this year, compared with a net profit of NT$157 million in the same period last year.
That translated into losses per share of NT$1.48 in the first three quarters, compared with earnings per share of NT$2.34 a year earlier.
This is the third acquisition launched by MediaTek this year.
Two weeks ago, the company announced plans to acquire a 20 percent stake, or 12.4 million shares, in Asix Electronics Corp (亞信電子) at NT$40 per share through a private placement.
Asix specializes in supplying chips used in high-speed Internet cards.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
RSS