"In recent years, the global IC market has frequent large-handed acquisitions. In May 2015, AVAGO was 37 billion US dollars to win Bo Tong; June of the same year, Intel 16.7 billion US dollar whale programmable logic chip giants Altera; July this year, Japan Soft Silver 24 billion Sterling ARM purchased.
In 2015, there was an unprecedented M & A frenzy in the semiconductor industry. Last year, the global mergers and acquisitions exceeded $ 130 billion. And this year, this boom will not only have to lose, but it has presented the intensive potential. According to statistics, the global semiconductor industry has exceeded 120 billion US dollars in the first three quarters in 2016, and the total year has exceeded 2015 without suspense.
With the maturity of the semiconductor industry, many semiconductor companies have stripped, invest or fill business, technology and product lines in accordance with new strategies.
International M & A transactions in the past year have greatly changed the industry. In 2016, it seems to be the peak of fierce mergers and acquisitions. These mergers and acquisitions are mainly to expand scale and competitiveness in mature markets, as well as more and more attention to integrated products. China is building a strategy for its own semiconductor supply chain, making mergers and acquisitions into a very attractive choice.
In 2016, the semiconductor industry mergers and acquisitions, not only the amount is huge, the number is large, but also has changed the pattern of the global semiconductor industry, and portrayed an unprecedented industry map. Even if you become an old man in the industry for many years, you will think that the M & A case in the past two years is increasingly difficult to ponder, and you will constantly challenge everyone's imagination.
At the last moment of Xiaobian's finalization, there is a merger news, it is really a dizzy!
In the early morning of the 10th, Japanese electronic component manufacturers TDK is negotiating with the US sensor inventsense on the acquisition. It is reported that the purchase price of TDK is 12 US dollars per share, and the total purchase price is approximately 1.13 billion US dollars. However, the specific transaction has not been determined. The two parties are expected to complete the consultation before the end of the year.
Below, let's count on the 2016 Global Semiconductor Ten M & A case, and see what extent to which this industry is going crazy.
1, TDK is discussing the acquisition of Invensense
In the early morning of December 10, it is reported that Japanese electronic component manufacturers TDK is negotiating with the US sensor manufacturer Invensense.
TDK is currently one of the main suppliers of smartphone components. Once the transaction is talking, TDK will further expand its market in the sensor field. InvenSense has a deep technology accumulation in the sensor field, it is the supplier of Apple and Samsung mobile phone. InvenSense's gyroscope is widely used in the phone, it can help smartphones calculate the user's actions, and will also become the key to the next generation of AR applications.
Invensense provides MEMS inertial sensors such as 6-axis combination sensors such as Apple, Samsung and other smartphone manufacturers, such as 6-axis combination sensors, etc., its main competitors are Bosch and STMicas.
Since the above negotiations are confidential, TDK and InvenSen have not immediately responded to the above message.
It is reported that the purchase price of TDK is 12 US dollars per share, and the total purchase price is approximately 1.13 billion US dollars. However, the specific transaction has not been determined. The two parties are expected to complete the consultation before the end of the year.
After the news came out, InvenSense stocks have risen by 28% in the afternoon to $ 10.28, the current market value of InvenSense is around $ 1 billion.
According to previous reports, In October this year, InvenSense hired a financial advisor to assess the company's financial status and sale.
If this TDK is successful, then InvenSense will become a member of the integrated wave of the semiconductor industry. This is mainly blamed on the smartphone's chip supplier faces incentive price competition, and hopes to "strike the big tree" to seek scale effects.
Of course, TDK has other acquisitions in the MEMS sensor field, such as TDK, TDK, acquired French MEMS sensor manufacturer TRONICS, the acquisition price is 48.65 million euros ($ 51.3 million); last year, TDK acquired Micronas, Swiss sensor manufacturers, The acquisition price was 214 million Swiss franc ($ 21 million).
2, ASML to acquire Zeiss 24.9% shares
On November 5th, the Global Semiconductor Media Technology Leadership Vendors ASML (ASML) and CARL Zeiss SMT, and CARL ZEISS SMT, and the ASML acquisition of Carl Zeiss SMT at 1 billion euros. The 24.9% equity is to strengthen the cooperation between the two sides in semiconductor minianet technology, and develop the next generation EUV minianet system.
Carl Zeiss SMT is an ASML's most important long-term strategy partner. For more than 30 years, it has provided the highest hot button and high performance optical system for ASML lithography equipment. In order to allow the chip manufacturing industry to use a new generation of EUV lithography devices, ASML and Carl Zeiss SMT, which are equipped with a new optical system, and decide to further strengthen cooperative relationships.
In addition to the agreement by ASML hold Carl Zeiss SMT minority equity, ASML will also invest about 220 million euros in the next six years to support Carl Zeiss SMT in optical lithography, and about 540 million euros of capital expenditure and other related supplies. Chain investment.
3, Beijing Jun is acquiring Beijing Hushi
On July 28, Beijing Junzheng threw a major asset restructuring plan, intended to acquire Beijing Hao Wei and a new three-board company, and did not announce the details of the plan.
On December 1st, Beijing Junzheng announced that the company intends to issue a shares and payment of cash to buy Beijing Haowei 100% equity, and the 3% equity of the visual source and the 40.43% stake in the Sibrica. The total payment of the shares is as high as 10.47 billion. After the transaction is completed, the company will hold a 94.29% shares of the Siber; while the company is targeted, the company also plans to raise fundraising funds to raise funds from 5 objects such as Liu Qiang and employee holdings, no more than 2.145 billion yuan.
The total price of more than 12.6 billion yuan is also an amazing figure even if it is put on the motherboard listed company, and the total market value before Beijing Jun is suspended. The total price of this transaction is 172.38%. The total price is so high, it is because the acquisition assets include Beijing Haowei, this trading price is 12 billion yuan, accounting for 95% of the total transaction price.
As of the end of 2015, Haowa's market share is 16%, ranking second, first and third, respectively, Sony and Samsung, and market share is 40% and 15%, respectively. It is worth mentioning that due to the need for huge capital expenditures and high technical barriers, domestic manufacturers participate in the market competition of the global image sensor in medium and low-end products, and the overseas giants are still far away. Through this acquisition, Beijing Jun is expected to use the leading technical advantages in the field of Haowa, rank among the top three of the global image sensor market in the world's image sensor market with leading technology advantages and top R & D design capabilities.
4, Jian Guang Asset & Zhido Capital Joint Acquisition NXP Standard Product Business
On June 14, NXP announced an agreement with the investment consortium composed of Beijing Jianshuang Asset Management Co., Ltd. (referred to: Jian Guang Asset) and WISE Road Capital Ltd (referred to as Zone Capital), will be sold to the investment consortium. NXP standard product business. According to the agreement, the investment consortium will pay about $ 2.75 billion to NXP.
NXP's standard product service is in the industry leader in discrete devices, logic devices, and PowerMos, focusing on providing semiconductor products to automotive, industrial, calculation, consumer goods and wearable equipment markets. After the completion of this transaction, NXP's standard product business unit will become a separate company named Nexperia, headquartered in Netherlands Naimei. In fiscal year 2015, the NXP standard product business's annual operating income is $ 1.2 billion.
5. Microchip acquisition atmel
On January 13, Microchip signed an agreement to acquire Atmel. Atmel said Microchip proposed acquisition program better than the company's previous agreement with Dialog Semiconductor.
Dialog proposed ATMEL in cash plus shares worth about $ 4.6 billion last year. However, after the announcement, Dialog stock prices have fallen, so the value of the acquisition program also declines.
In ATMEL announced that Dialog said that Dialog said that no bid will not increase the price after the acquisition price of $ 8.15 cash plus stocks in Microchip. Subsequently, Microchip announced that the equity value of the acquisition of Atmel trading is approximately $ 3.56 billion. The acquisition program includes $ 7 of $ 7 per share, while Dialog's solution is only $ 4.65 per share.
The two global ranked MCU vendors have enabled Microchip's competitiveness in this area.
6, Siemens acquisition Mentor Graphics
On November 14, Siemens announced that the Mentor Graphics of Semiconductor Software Design Co., Ltd. was acquired at a cash price of $ 37.25, according to this price, and the transaction price should be around $ 4 billion.
This price is 21% higher than that of Mentor last Friday. However, if you add about $ 500 million in debt, then the total price of Siemens acquire Mentor will reach around $ 4.5 billion.
This merger will have a combination of Siemens leading digital enterprise software products because Mentor has extensive experience in electronic ICs and system design, and manufacturing solutions. These capabilities are necessary for today's intelligent connection products, such as unmanned cars. This merging transaction will provide customers with mechanical, heat resistant, electronic and embedded software tools that allow Siemens' customers to further accelerate their innovation, drive product diversification and optimize product operations in related fields.
Obviously, Siemens's single acquisition reads the car-related business, retains the departments of the fusion system and the car, and will seek the opportunity to sell DFM related product sectors.
7, SkyWorks will acquire Microsemi (protocol)
On November 4th, according to informed people, after SkyWorks proposed 5.3 billion US dollars, the chip manufacturer Microsemi entered the transaction process. Due to the flow of the merger message, Microsemi's share price rose by 20%, and the market value reached around $ 5.3 billion. MicroSemi chip products are mainly used in defense, communications and aerospace sectors, including extreme environments such as space.
If you can smoothly incorporate Microsemi, you will help SkyWorks to expand your business sector, and leave their dependence on your business market.
8, Adi acquisition linear
On July 26, Adi announced the acquisition of Linear Technology. Adi with $ 46 in $ 0.2321: 1 for $ 0.2321: 1, the entire acquisition price is 14.8 billion US dollars.
After the acquisition is completed, the market value of the two companies is close to $ 30 billion, and Adi will only be secondary to Texas, becoming the world's second largest analog IC manufacturer, and the annual turnover is close to $ 5 billion.
In companies in global semiconductors, Linglrt has retained the list of profit margins for many years, such a special company has been acquired, and it has also shown that the global semiconductor industry integration is further accelerated.
9, soft silver acquisition ARM
On July 18, Softbank announced the $ 32 billion acquisition of chip IP design company ARM. ARM is known as the "most dazzling pear" of the British Science and Technology Industry. After designing the chip IP in the British Cambridge, this headquarters is authorized to Apple, Samsung, Qualcomm and other companies, adjust the price, and finally apply In the computing device. While global smartphones are booming, the ARM's revenue has also soared, and the chip with ARM architecture has reached 15 billion pieces last year.
Soft silver said that after the acquisition will continue to retain the existing organizational architecture of the ARM, which will continue to stay in the British Cambridge and retain the ARM existing executive team, brand, and partnership-based business model. Soft and Silver also promise, in the next five years, will increase the number of employees in the UK in the next five years, and increase the number of employees overseas.
Soft Silver CEO Sun Zhengyi said, "This is the most important acquisition in history. Soft Silver Group is capturing every opportunity brought by the Internet of Things. ARM is very in line with Soft Silver, looking forward to ARM to become an important way to advance the Soft Silver Silver. Pillar. "
10. Qualcomm acquisition NXP
On October 27, Gao Tong and NXP were jointly announced that both parties have reached the final agreement and passed by the board of directors, Qualcomm will acquire NXP. Qualcomm will take the price of NXP issued by $ 110 (premium), the total value of approximately US $ 47 billion, with a total of RMB 319 billion, all payment with cash.
In March 2015, NXP acquired another semiconductor giant Freescale in $ 11.8 billion, ranking among the top ten semiconductor manufacturers in the world.
Qualcomm said that after the merger of two companies, the annual income will exceed $ 30 billion, the service market value will reach 138 billion US dollars in 2020, and in the fields of mobile, automobiles, Internet of Things, safety, radio frequency, networks, etc..
Qualcomm acquisition NXP is mainly scheduled to expand to the car chip market because NXP is currently the world's largest automotive chip supplier.
Why is the merger?
What is the reason why there is such a large-scale merger? Some people say that it is a difficulty of heating, and has a difficult period, greet the future more arduous challenges; some are completely capital in their monsters; some are the promotion of political power. For the acquired party, it can get rid of low profit, even loss of business, lightly, and the acquisition can strengthen the width or thickness of its own product line, add new growth points (Internet of Things, automotive electronics, Artificial intelligence, etc.), can also improve operational efficiency, reduce competition, to enhance profitability and market risk capabilities.
These are all reasons why they have played and purchase, it is difficult to explain with a motivation, and their deep impact elements are more complicated, and are the results of a common role in multiple factors.
We are about to win 2016. If you don't know if this M & A boom in the semiconductor industry will accompany us to enter 2017, is it to continue to heat up? Still quickly cool? 2017 sees in 2017.
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