China’s chip M&A hopes continue despite scrutiny

Chinese state-backed investment fund offers to take Xcerra private for $580 million, defying increased regulatory scrutiny on Chinese outbound acquisition of chipmakers.

China’s chip M&A hopes continue despite scrutiny

A Chinese state-backed investment fund on Tuesday made a $580 million bid to acquire US semiconductor testing firm Xcerra, sending a clear signal to the market that its interest in foreign chipmaking assets remains despite increased scrutiny from foreign regulators.  

Xcerra, a Massachusetts-based and Nasdaq-listed company, has received a $10.25-per share cash offer from a subsidiary of China Integrated Circuit Industry Investment Fund, the country’s leading industry fund. The fund was set up in...

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