Actionable news
0
All posts from Actionable news
Actionable news in ISIL: Intersil Corporation,

Chipmaker Intersil set to pick Renesas over Maxim as acquirer -sources

Aug 31 Intersil Corp may announce a sale to Renesas Electronics Corp as early as next week, choosing the Japanese semiconductor company over U.S. suitor Maxim Integrated Products Inc, people familiar with the matter said.

Intersil's talks with Maxim illustrate the competitive nature of the sale process for the Milpitas, California-based company, whose chips are used in industrial, mobile and infrastructure applications. Intersil also has a growing automotive and aerospace semiconductor business.

In opting to go with Renesas as an acquirer, Intersil has had to weigh the attractiveness of its roughly $3 billion offer versus the risk of a protracted review by the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for potential national security...


More