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Feb. 19, 2016
Semiconductor bidding war sheds light on political tensions with China
The decision by Fairchild's board leaves a premium on the table and highlights the hostile political climate that companies may feel during a deal with a Chinese acquirer.
Daily Journal Staff Writer
After a drawn-out bidding war, San Jose-based chipmaker Fairchild Semiconductor International Inc. rejected a $2.5 billion offer Tuesday from China Resources Microelectronics Ltd., deciding instead to stay with a less lucrative offer from rival ON Semiconductor Corp.
The decision by Fairchild's board leaves a premium on the table and highlights the hostile political clim...
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