TI to sell memory-chip unit to Micron

Article Abstract:

Texas Instruments Inc. (TI) will sell its memory-chip business to Micron Technology Inc. Texas Instruments will also lay off approximately 8% of its work force. The sale and work force cut reflect plunging chip prices. South Korean and Taiwanese companies have recently pushed down prices, pummeling the entire market. TI lost $129 million dollars on its memory-chip business in the first quarter of 1998. Micron will pay $610 million in stock and notes for TI's memory assets and will assume an additional $190 million of debt associated with TI's Italian memory-chip business.

Comment:

Will buy Texas Instruments Inc.'s computer-chip business

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Micron Technology Inc., Texas Instruments Inc.

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Cadence to acquire chip-design firm for $260 million

Article Abstract:

Cadence Design Systems Inc. announced that it has reached an agreement to acquire Ambit Design Systems Inc. for $260 million. The deal will merge two chip-design software manufacturers together. In the same week at the end of August 1998, Cadence also acquired Lucent Technologies Inc.'s Bell Labs unit for about $90 million. Cadence claims that its deal with Ambit will provide it with the most comprehensive chip-making software tool groupings in the industry.

Comment:

Cadence Design Systems Inc. to acquire Ambit Design Systems Inc. for $260 million

Computer Software, Software Publishers, Applications Software Pkgs (Micro), Software, Applications software, Cadence Design Systems Inc., Ambit Design Systems Inc.

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Sanmina Holdings to buy Altron for minimum of $219.5 million

Article Abstract:

Sanmina Holdings Inc. announced that it has reached an agreement to purchase Altron Inc. for at least $219.5 million in an exchange of stock. The merger combines two similar manufacturers of computer components. Sanmina said that it would pay 0.4545 share of its stock for every one of Altron's 16.1 million outstanding shares providing that Sanmina's share value rises to $30 per share or higher.

Electronic Interconnection Devices, Electronic Connector Manufacturing, Other Electronic Component Manufacturing, Electronic Components NEC, Electronic components, Electronic connectors, Sanmina Corp., Altron Inc. (Anoka, Minnesota)

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