Scalper1 News
Chip industry mergers and acquisitions are hot right now and should continue that way in the coming quarters, semiconductor analyst Craig Berger says. In a report Thursday, Berger listed the top acquisition targets, led by Silicon Image, a designer of multimedia connectivity chips. Berger, technology sector head for Hedgeye Risk Management, said semiconductor M&A activity is being driven by the global economic recovery, low debt costs, strong chip prices, and companies seeking scale and synergies. The chip industry is on pace to have its highest value of M&A deals in at least five years in 2014. Silicon Image (SIMG) has a 33% chance of being purchased, Berger said. It has decent intellectual property in video and audio connectivity and its 58% gross margins would be attractive to Scalper1 News
Scalper1 News