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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: xcerra | china | technology | acquistions

Print Edition

FinanceAsia Print Edition

EVENTS