Could The Chip Industry See A Buyout Wave?

August 14 - Tech Trader Daily - Could the chip industry be ripe for a wave of private-equity financed buyouts? That’s a question addressed this morning in a research report by Merrill Lynch’s Joe Osha. He says the buyout of Philips Semiconductor by KKR and Silver Lake “indicates to us that private equity firms may now be comfortable in a sector that they’ve avoided in the past. We note that the valuation paid for Philips was in excess of what the market was paying at the time for Freescale, a comparable company much further along in the rationalization process.” Read More.