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Another sharp turn in the semi world – ST eyeing Fairchild
We've seen some major acquisitions on the semiconductor market so far this year, and by the looks of it, there might be another one around the corner. Looks like On Semi and Infineon have gotten some competition for Fairchild.
STMicroelectronics is reportedly considering making an offer for Fairchild Semiconductor as the compay is looking to increase its growth, according to a report in Bloomberg citing people familiar with the matter.
The sources told Bloomberg that the company has been conducting analysis as it investigates a possible bid for the US chipmaker. Fairchild currently holds a market value of USD 2 billion, something that may steer STMicro away from a potential acquisition and instead focus on improving profitability and managing costs.
Earlier in October, Evertiq reported that Fairchild had hired Goldman Sachs to help the company find a buyer, and On Semiconductor and Infineon were interested.
