News
 

Bookmark and Share

(0) 

Advanced Technology Investment Company (ATIC) is reportedly interested in acquiring Chartered Semiconductor, the world’s third largest contract semiconductor manufacturer. The potential move may be considered quite strange as Chartered Semiconductor competes with Globalfoundries, a joint-venture by Advanced Micro Devices and ATIC.

According to The Business Times, Chartered has received a bid from ATIC to buy Temasek Holdings’ approximately 60% stake at between $2.40 and $2.60 a share. The $2.45 billion price tag represents a 19% premium to Chartered's market cap of about $2.05 billion, reports The Business Times.

For Chartered it is crucial to have a new investor willing to help the company. According to sources with knowledge of the matter, the semiconductor company has not started to invest into next-generation fabs, which means that in about a year or two from now Chartered will not be able to compete for designs that require 32nm or 28nm process technologies.

ATIC cannot make Chartered a part of Globalfoundries since in that case AMD’s stake in the company will erode and it can have legal issues with Intel regarding the license for x86 technology.

ATIC, Chartered and Temasek did not comment on the report.

Tags: Chartered, ATIC, Business, Semiconductor

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Tuesday, July 22, 2014

10:40 pm | ARM Preps Second-Generation “Artemis” and “Maya” 64-Bit ARMv8-A Offerings. ARM Readies 64-Bit Cores for Non-Traditional Applications

7:38 pm | AMD Vows to Introduce 20nm Products Next Year. AMD’s 20nm APUs, GPUs and Embedded Chips to Arrive in 2015

4:08 am | Microsoft to Unify All Windows Operating Systems for Client PCs. One Windows OS will Power PCs, Tablets and Smartphones

Monday, July 21, 2014

10:32 pm | PQI Debuts Flash Drive with Lightning and USB Connectors. PQI Offers Easy Way to Boost iPhone or iPad Storage

10:08 pm | Japan Display Begins to Mass Produce IPS-NEO Displays. JDI Begins to Mass Produce Rival for AMOLED Panels

12:56 pm | Microsoft to Fire 18,000 Employees to Boost Efficiency. Microsoft to Perform Massive Job Cut Ever Following Acquisition of Nokia