Microsemi Offers to Buy PMC-Sierra in .4 Billion Deal
The offer came as Microsemi sought to derail a competing proposal from Skyworks Solutions, a rival chip maker and supplier to Apple.
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Skyworks to Buy PMC-Sierra for Billion in Merger of Chip Makers
Skyworks’ chief said he expected savings of $ 75 million from combining the companies, part of a broader consolidation in the industry.