The appetite for takeover in the chip sector does not seem to be satisfied yet. Japanese Renesas announced that it was in talks with British Dialog Semiconductor about a takeover.
The American tech company Apple is one of the main customers of the British chip designer.
Renesas has donated 4.9 billion euros for the company listed on the Frankfurt Stock Exchange. With that, the Japanese offer a premium of 20 percent on Dialogue’s closing price on Friday.
Incidentally, there is no guarantee that the deal will go ahead, as the talks are still ongoing.
Dialogue’s shares are up about a quarter since the beginning of the year, boosted by strong demand for Apple’s 5G handsets. Furthermore, takeover speculations around Dialog have been around for some time. That is part of a broader development in the chip market.
Last year, mergers and acquisitions in the industry involved $ 144 billion. That amount was twice as high as a year earlier.