Tag Archives: pmcs

Chip Fever: Microsemi Ups PMC Bid Over Apple Supplier

Microsemi (MSCC) and Apple (AAPL) supplier Skyworks Solutions (SWKS) grappled again Wednesday for chipmaker PMC-Sierra (PMCS) amid frenzied industry consolidation that also saw On Semiconductor (ON) agree to buy Fairchild Semiconductor (FCS). On Semiconductor put up a $2.4 billion bid for Fairchild Semiconductor, announced early Wednesday. On Semiconductor stock fell 7.9% in the stock market today on the news, while Fairchild stock was up 8.5%,

Chip Frenzy: Apple Supplier, Microsemi Trade Punches

Apple (AAPL) chip supplier Skyworks Solutions (SWKS) and Microsemi (MSCC) are trading punches Friday, both raising their offers to acquire PMC-Sierra (PMCS). Early Friday, Skyworks raised its bid from $10.50 a share to $11.60 a share, 10 cents higher than Microsemi’s unsolicited offer of $11.50 a share. The first Microsemi bid was submitted on Oct. 19, two weeks after Skyworks’ original proposal. Several hours after Skyworks announced its new bid,

Microsemi Outbids Apple Supplier Skyworks For PMC

An apparent bidding war flared Monday when Microsemi (MSCC) submitted a $2.4 billion offer for PMC-Sierra (PMCS), topping Apple (AAPL) chip supplier Skyworks Solutions ‘ (SWKS) $2 billion proposal. PMC-Sierra stock soared 14% to near 12 in midday trading Monday on the stock market today. Microsemi offered to pay $11.50 per PMC share, representing a 50% premium to PMC’s closing price on Oct. 5, the last trading day before Skyworks’ bid was