Market Overview

Report: Texas Instruments Might Do Big Deal


Texas Instruments Incorporated (NASDAQ: TXN) might be in the market for a big acquisition, according to a report by Reuters Friday.

QUALCOMM, Inc. (NASDAQ: QCOM) may also do a substantial deal to boost its data center and cloud operations, Reuters reported.

Dallas-based Texas Instruments, with a market capitalization of $56.88 billion last year unsuccessfully sought to acquire Maxim Integrated Products Inc. (NASDAQ: MXIM), which has a market capitalization of about $10 billio, according to Reuters.

Texas Instruments also kicked the tires at Freescale Semiconductor Ltd (NYSE: FSL), which agreed in March to be acquired for $11.8 billion by NXP Semiconductors NV (NASDAQ: NXPI).

Reuters reported earlier this month that Texas Instruments, along with other big semiconductor companies, want to boost operations in micro-controllers used in car engines or implanted medical devices.

Buyout candidates in that field include Atmel Corporation (NASDAQ: ATML) and Renesas Electronics Corp (OTC: RNECY), Reuters said.

On Friday, the news service expanded its list of companies that Texas Instruments might acquire to include Analog Devices, Inc. (NASDAQ: ADI), Linear Technology Corporation (NASDAQ: LLTC), Microchip Technology Inc. (NASDAQ: MCHP) and Intersil Corp (NASDAQ: ISIL).

Reuters cited industry bankers and analysts for its report.

Mergers in the semiconductor so far this year have topped $79.7 billion, already higher than every full-year period on record other than 2000, Reuters said.

Posted-In: ReutersM&A News Rumors


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