CS Services Investment, Capital, Merger&Acquisition

IDT to Acquire GigPeak

Integrated Device Technology, Inc. and GigPeak, Inc. both headquartered in San Jose, California USA have definitively agreed that IDT will acquire GigPeak, Inc. The price for the acquisition is $3.08 per share or about $250 million in cash. The per share consideration would represent a premium of about 22% compared …

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Neophotonics to Sell Low Speed Tranceiver Business to APAT

NeoPhotonics of San Jose, California USA, reported that it has definitively agreed to sell its Access and Low Speed transceiver product lines (known as its Low-Speed Business) to APAT Optoelectronics Components Co., Ltd. of Shenzhen, China. APAT Optoelectronics is a designer and manufacturer of optical sub-assemblies for telecom and datacom …

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Oxford PV Gets Further Investment of £8.1m

Oxford Photovoltaics Ltd (Oxford PV), a developer of Perovskite solar technology, announced a further equity investment of £8.1m. The investment adds to the £8.7m first close investment reported on the 18th of October 2016. Three new strategic investors, Legal & General Capital, Statoil ASA, and a technology-focused, innovative family fund …

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Philips to Sell Majority of Lumileds to U.S. Investment Company

Consumer electronics giant, Royal Philips NV (Philips) agreed to sell an 80.1% stake in its lighting components unit Lumileds to investment company Apollo Global Management LLC.  U.S.-based Apollo Global Management reportedly raises, invests and manages investments for prominent pension and endowment funds and other institutional and individual investors. Philips, which is …

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GCI Abandons All Acquisition Plans for Aixtron

After President Barack Obama moved to block the proposed acquisition of Aixtron SE’s U.S. business (Ref: article), Grand Chip Investment has abandoned its attempted acquisition. Grand Chip Investment reported that the offer to acquire Aixtron has lapsed because the agreement requires that Committee on Foreign Investment in the United States …

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II-VI Epiworks Begins Expansion

The II-VI EpiWorks Division of II‐VI Incorporated of Pittsburgh, Pennsylvania USA, reported that it is beginning construction on a state-of-the-art production facility in Champaign, Illinois. II-VI Epiworks expects to complete the expansion by mid-2017. “Immediately after merging with II-VI in February, we ordered three new MOCVD production tools and filled …

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MACOM to Acquire AppliedMicro Circuits

MACOM Technology Solutions Holdings, Inc. of Lowell, Massachusetts USA, reported that it has agreed to acquire Applied Micro Circuits Corporation. AppliedMicro Circuits supplies connectivity and computing solutions for next-generation cloud infrastructure and data centers. MACOM agreed to pay about $8.36 per share, which consists of $3.25 in cash and 0.1089 …

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