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MaxLinear has entered into a definitive agreement to acquire Silicon Motion in a cash and stock transaction valuing Silicon Motion at $3.8 billion, creating a combined semiconductor company.
“The strategic business combination is anticipated to drive transformational scale, create a diversified technology portfolio, expand the combined company’s total addressable market, and create a highly profitable cash generating semiconductor leader.”storagenewsletter.com
Summarized from public sources; check the original articles before acting on it.