US chipmaker Maxlinear said on Wednesday it has scrapped a near US$4 billion deal to acquire Taiwan-based Silicon Motion. Its shares fell about 12 per cent in late afternoon trading, while the US-listed shares of the Taiwanese company surged 25 per cent. MaxLinear had agreed to buy the memory con
US chipmaker Maxlinear said on Wednesday it has scrapped a near US$4 billion deal to acquire Taiwan-based Silicon Motion.
MaxLinear had agreed to buy the memory controller-maker Silicon Motion in May last year in a cash-and-stock deal worth US$4 billion. Memory controllers are used to manage data in memory chips.
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