Philips Semi CEO expounds on merger option
Junko Yoshida, EE Times
(01/11/2006 9:26 AM EST)
LAS VEGAS — Royal Philips Electronics, which last month announced plans to spin off its semiconductor business by mid-2006, has confirmed it wishes to pursue a merger but remained quiet about potential partners it may be pursuing.
The possibility of an outmerger rather than a simple sale or an initial public offering of shares was set forth in a webcast for financial analysts on Dec. 15. During the conference Philips Electronics executives declined to comment on STMicroelectronics and Infineon as potential partners.
The name of any possible merger partner is unlikely to be disclosed before the second half of 2006. The pursuit of that unnamed partner, or partners, is moving forward in parallel with the Dutch giant’s internal efforts to sort out its chip division’s legal entanglements.
(01/11/2006 9:26 AM EST)
LAS VEGAS — Royal Philips Electronics, which last month announced plans to spin off its semiconductor business by mid-2006, has confirmed it wishes to pursue a merger but remained quiet about potential partners it may be pursuing.
The possibility of an outmerger rather than a simple sale or an initial public offering of shares was set forth in a webcast for financial analysts on Dec. 15. During the conference Philips Electronics executives declined to comment on STMicroelectronics and Infineon as potential partners.
The name of any possible merger partner is unlikely to be disclosed before the second half of 2006. The pursuit of that unnamed partner, or partners, is moving forward in parallel with the Dutch giant’s internal efforts to sort out its chip division’s legal entanglements.
To read the full article, click here
Related Semiconductor IP
- Generative AI Edge Processor
- AXI NoC Non-Coherent Mesh
- CXS c/d/Lite Verification IP
- USB OTG 2.0 with xHCI Verification IP
- DDR5 RDIMM Verification IP
Related News
- Philips keeps options open after selling Adelante's design tool
- Philips develops one-chip stereo radio for embedded use in consumer products
- Philips announces first 'fully-integrated' telematics processor
- Ashling Microsystems extends debug support to cater for HiPerSmart, the recently announced 32-bit smart computing platform from Philips Semiconductors
Latest News
- Quintauris and Microchip Technology join forces to grow RISC-V® adoption
- BrainChip Launches Sequora: Edge AI That Doesn’t Just Recognize — It Understands and Responds
- GlobalFoundries selected to operate two new semiconductor fabs in New York under landmark U.S.-Japan initiative
- Siemens’ Tessent ecosystem enables direct test pattern execution via PCIe and USB
- Qualcomm Statement on Trial Verdict Win