semiconductor

The deal comes after a study aimed at boosting the overall valuation of the parent company and attracts strong interest from event-driven hedge funds as well as long-only investors.

SK Hynix, a leading semiconductor supplier, makes its first US acquisition with the purchase of California-based Link_A_Media Devices, a maker of memory-chip controllers.

UMC issues $500 million of new Taiwan dollar-linked CBs, while Wharf brings an $800 million three-year deal with a 65% premium.

United Microelectronics announces a plan to buy He Jian Technology for $285 million in cash, but the deal is yet to secure regulatory approval.

ASE's share price rises to a seven-year high as Carlyle withdraws its offer to buy the Taiwanese semiconductor company.

Business risks for semiconductor companies remain low, but increasing LBO activity and higher leverage in the sector could place downward pressure on ratings.

Philips announces a phased sell-down of its 16.6% stake in the Taiwanese semiconductor firm which is valued at $8.5 billion.

Both tranches are priced with a 38% conversion premium. Scarcity of tech-sector convertibles helps to boost demand.

Deal size likely to rise to $100 million from $85 million amid solid demand.