Semiconductor M&A Heats Up


Last year was a tough one for M&A in the semiconductor industry. According to Dealogic, deal volume plunged from $11.2 billion to $3.2 billion. There were also some deals that came undone, such as Broadcom's (BRCM) attempted takeover of Emulex (ELX).

But lately, there has been an increase in activity. This week, Microchip Technology (MCHP) agreed to pay $275 million or $2.85 per share for Silicon Storage Technology (SSTI). Silicon Storage had earlier agreed to a private equity buyout at $2.10 per share, but the deal never went through.