Tag Archives: fcs

Atmel, Fairchild Semi named possible acquisition targets

The $3 billion acquisition of International Rectifier (IRF) by Infineon Technologies could be a “harbinger” of more M&A deals to come in the chip sector, FBR analyst Christopher Rolland said Thursday. The companies announced the purchase agreement on Wednesday. German chipmaker Infineon will pay $40 a share for El Segundo, Calif.-based International Rectifier, a 51% premium to its closing price on Tuesday. The deal is expected to close in late 2014 or early 2015, pending approvals by IRF shareholders and regulatory agencies. “Overall for the analog/power management space, we have long believed the industry was ripe for structural consolidation, particularly given low-hanging synergies achieved by integration and scale,” Rolland said in a research note. Atmel (ATML) and Fairchild Semiconductor (FCS) re two potential takeover candidates because “both are subscale and could provide numerous synergies,” he said. Fairchild and On Semiconductor (ONNN) would make attractive acquisitions for companies in need of…

Fairchild Stock Rises On Strong Q2 Earnings, Sales

Fairchild Semiconductor (FCS) stock rose Thursday after the San Jose, Calif.-based chipmaker posted Q2 earnings that beat Wall Street views and notched its biggest sales gain in three years. Fairchild stock was up more than 2% in afternoon trading in the stock market today, near 16. The semiconductor firm’s stock has risen more than 25% since Fairchild’s mid-May acquisition of Xsens, a Netherlands-based global supplier of 3D motion tracking