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Chipmaker talks collapse

Tuesday, July 22 09:39:14

Talks for Austrian chipmaker AMS to buy German peer Dialog Semiconductor have collapsed, with the two firms blaming differences over price and future strategy.

Dialog and AMS said last month they were in "very preliminary" talks over a deal that could have created a European chipmaker with a market value of about $4.7 billion, and potentially a stronger business to tap the burgeoning market for web-connected devices.

AMS makes electronic sensors, which can measure everything from air pollution to the human heartbeat, while Dialog's chips manage power consumption. Both firms supply chips to Apple for iPhones and iPads.

The chipmaking industry is seeing a wave of deals as firms look for alternatives to saturated mobile phone markets.

Last month, Analog Devices Inc said it would buy Hittite Microwave Corp in a deal valued at $2 billion and Cirrus Logic Inc said it would buy Wolfson Microelectronics Plc for an agreed 291 million pounds ($497 million) in cash.

(Reuters)

For more visit: www.businessworld.ie