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Silicon Motion Technology Corporation (NASDAQ: SIMO) shares are rocketing higher Wednesday following a report of Chinese regulatory approval of the company's merger with MaxLinear, Inc.<
U.S. chipmaker Maxlinear said on Wednesday it has scrapped a near US$4 billion deal to acquire Taiwan-based Silicon Motion.Its shares fell about 12per cent in late afternoon trading, while the U.S.-listed shares of the Taiwanese company surged 25per cent.MaxLinear had agreed to buy the memory contr
By Dean Seal MaxLinear has terminated its planned acquisition of Silicon Motion Technology, upending a deal that just won approval from Chinese regulators....
Gainers Silicon Motion Technology Corporation (NASDAQ:SIMO) shares climbed 78.9% to $93.40 following a report suggesting China approval of the ...
Chinese regulators granted conditional approval to SIMO's pending acquisition by MaxLinear. Here's what investors need to know.