BE
Market cap of about $3bn at the moment.
PM
Founded in 1982, Cypress is the leader in advanced embedded system solutions for the world’s most innovative automotive, industrial, home automation and appliances, consumer electronics and medical products. Cypress’s programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-based connectivity solutions and reliable, high-performance memories help engineers design differentiated products and get them to market first.
BE
That's the one. It's an internet-of-things play these days.
BE
Mostly using Arm licences.
BE
Now, we've heard from multiple directions this week that there's Chinese interest in Cypress.
PM
hmmm...
PM
( WICED™ (pronounced “wik-id”) is Cypress IoT platform that enables the rapid development and deployment connected IoT products. )
BE
Clearly, given the sensitivities of China buying semiconductor IP, that would be rather controversial.
PM
Sure would
PM
Doesnt mean they wont try
BE
Cypress does PSoCs built around Arm licences that are absolutely critical in all sorts of industries.
BE
The Chinese firm that tends to be attached to the rumour is Summit View Capital.
BE
One version of the story has Summit View Capital putting in an offer at a fair premium very recently. As in, earlier this month.
BE
However
BE
We've checked this story as much as possible and have no useful guidance on whether it's accurate.
BE
It could be that Chinese firm puts in an offer, has been told to go away, and that's the end of that. In which case no-one needs to say anything.
BE
That would not normally be great corporate governance -- but the politics of China buying semi IP might justify an instant silent rejection. Dunno.
Real time stream connected. New messages will appear here the moment they are published.
BE
Anyway, we note it. We flag it up. The rumour's rife so we wouldn't be doing our jobs if we didn't flag it up.
BE
If anyone needs to say anything, this might prompt them to. If nothing needs to be said, it won't.
11:31AM
PM
Well certainly one to watch Bryce