All Business News

Atmel rejects Microchip/On Semi approach

Atmel’s board of directors has rejected the takeover move initiated by Microchip ON Semiconductor, determining the approach was ‘inadequate in multiple respects, including value, conditionality and complexity’.

IMEC calls for true collaboration

Only international collaboration will allow Europe to continue playing a competitive role in nanoelectronics and related fields, claims Gilbert Declerk, pictured, president and ceo of Belgian research centre IMEC.

Nano launch

In a move to address growing demand for ultra low power, small scale fpgas, Actel has launched nano versions of its existing ProAsic 3 and Igloo ranges.

Expenses reduced

Texas Instruments has announced that it is taking actions that will reduce expenses by about one third, or more than $200million annualised, in its wireless business, especially in its cellular baseband operation.

Axis strengthens board

Paul Jackson, previously technical manager at Axis Electronics, has been appointed the company’s new manufacturing director.

Pass the source

Google has announced that, in partnership with the Open Handset Alliance, its Android platform source code is now available for anyone to download free of charge.

Making Movies

Movidia has secured $14million in Series A funding for a low power video processor which allows users to perform video production functions on mobile phones.

Cadence resignations

Following the resignation of Cadence Design Systems' president, ceo and director Michael Fister, it has been announced that the board of directors has formed an interim office to oversee the day to day running of the company’s operations.

Avnet acquires Abacus

UK electronic component distributor Abacus Group has agreed to the terms of a cash offer from Avnet, putting its value to approximately £42.2million.

Freescale to quit handset chip business

Following a strategic review of its business, Freescale is looking for ways to exit the wireless chipset arena. According to the company, it is exploring ‘a sale, joint venture or other transformation’.

Atmel targeted by Microchip/ON Semi approach

Microchip is looking to buy Atmel in a deal which values the latter company at $2.3billion. The deal, being led by Microchip, will be partly financed by the sale of Atmel’s nonvolatile memory and rf and automotive businesses to ON Semiconductor for an undisclosed sum.

Plextek joins ‘fastest growing’ list

Cambridge based design consultancy Plextek has made its maiden appearance in the Sunday Times Tech Track 100 – a ranking of Britain’s fastest growing unquoted technology companies. Based on an average sales growth of 56% between 2005 and 2008, Plextek is ranked #56 in the report.

Investment to fuel expansion strategy

EMS provider AWS Group has secured a £5.5million equity investment from Barclays Ventures alongside a banking package from Yorkshire Bank. As part of the deal, John Weston – ex ceo of British Aerospace –will join the company’s board as non executive chairman.

EC calls for science and technology cooperation

The European Commission is calling on governments to jointly develop a strategy for international cooperation in science and technology. It has also proposed a strategic framework for strengthening science and technology cooperation with non EU countries, notably in the field of Information and Communication Technologies.

New foundry aims to take over Renesas’ German fab

Claiming it cannot sustain high volume manufacturing at its Landshut site in Germany, Renesas is planning to sell the facility to a newly established German foundry company. The foundry will then use the fab to offer specialist analogue and mixed signal manufacturing capacity.

Freescale buys multicore specialist

Freescale is buying Intoto, a provider of software platform products for networking and communications equipment manufacturers. According to the company, it will use Intoto’s technology to improve the system performance of its QorIQ multicore platforms, as well as to enhance software support.

NXP to lose 4500 jobs in restructure

NXP has announced plans to lose 4500 jobs as part of what it calls a ‘redesign program’ created to return the company to a ‘healthy financial situation’ and to position it for future growth.

e2v makes US acquisition

e2v technologies has conditionally agreed to buy QP Semiconductor for $65million. According to the company, the move will strengthen its position in the high reliability specialist semiconductor sector.

Subscribe to our Newsletter

Editor's Choice

Covid-19 "Security Bubble"

Insight SiP, the designer and manufacturer of ultra-miniaturized electronic ...

Register for our webinar now

The free webinar with RS Components and new electronics will go live on Wednesday 8 ...

BEEAs 2019 shortlist

MA Business, publisher of New Electronics and Eureka magazines, is delighted to ...