Deals
STMicroelectronics Said to Weigh Bid for Fairchild Semiconductor
- Deal would let STMicro strengthen its digital products unit
- Fairchild said to work with Goldman Sachs to identify buyer
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STMicroelectronics NV is considering a bid for Fairchild Semiconductor International Inc. as Europe’s largest chipmaker seeks to boost growth and shore up its digital products business, according to people familiar with the matter.
The Geneva-based company has conducted analysis as it explores an offer for the U.S. chipmaker, said the people, asking not to be identified discussing internal deliberations. Fairchild jumped 4.3 percent to $17.55 on Tuesday in New York for a market value of $2 billion. STMicro may decide against an acquisition of this size to focus on improving profitability and managing costs, two of the people said.