© filipefrazao84 dreamstime.com_
Business |
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.
