Dive Brief:
- The semiconductor industry is consolidating rapidly, with several new deals announced this week.
- According to Thomson Reuters data, semiconductor M&A globally has topped $80 billion so far this year.
- Microsemi and Skyworks Solutions are currently in a bidding war over PMC-Sierra Inc.
Dive Insight:
Microsemi Corp raised its offer to buy PMC-Sierra Inc. after PMC-Sierra said it preferred Skyworks Solutions Inc's proposal.
Meanwhile, ON Semiconductor Corp said it will buy Fairchild Semiconductor International Inc. for $2.4 billion.
Elsewhere, privately held chipmaker Montage Technology Group Ltd raised its offer for Pericom Semiconductor Corp, which makes connectivity, timing and power management chips used in cars, telecom networks and other devices, to about $442 million, outdoing a $413 million bid by Diodes Inc.
