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© filipefrazao84 dreamstime.com_ Business | July 14, 2015

Micron the next takeover target?

The consolidation of the chip industry is apparently progressing at a rapid pace. The US company Micron Technology is supposed to be the next takeover target, according to a media report.
The Chinese state-owned company Tsinghua Unigroup wants to buy US chip maker Micron Technology for USD 23 billion, reports the WSJ, citing people familiar with the matter. A takeover Micron would continue the current wave of consolidation in the chip industry. The largest acquisition/merger to date is a USD 37 billion deal (Avago Technologies Ltd. took Broadcom Corp.), which was announced in late May. A statement from Micron is not yet available.
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