Apple (AAPL) could stir the M&A froth within the chip sector by edging out Micron Technology (MU) and Western Digital (WDC) to make a play for SanDisk (SNDK), B. Riley analyst Craig Ellis theorizes. SanDisk, a leading maker of flash memory chips for smartphones and other mobile devices, recently made headlines with rumors that the company might put itself on the sales block. Bloomberg reported Micron and Western Digital as the most likely
The consolidation trend buzzing around the semiconductor industry is expected to continue into 2016, with SanDisk (SNDK) and Maxim Integrated Products (MXIM) the latest companies rumored to be on the sales block. Speculation about the pair of takeover candidates surfaced just this week after a record pace of consolidation this year. In the first half of 2015, chip M&A action reached a $72.6 billion combined value — an all-time high and nearly six
SanDisk (SNDK) stock skyrocketed Wednesday on rumors the Milpitas, Calif.-based chipmaker might be acquired by Micron Technology (MU) or Western Digital (WDC). Bloomberg reported late Tuesday that SanDisk had contacted bankers to explore a possible sale. Besides Micron and Western Digital, Summit Research analyst Srini Sundararajan says Seagate (STX) and SK Hynix also are potential suitors. SanDisk didn’t immediately return a call requesting