The courtship of Intersil Corp. is turning into a duel between Japan’s Renesas Electronics and San Jose, Calif.-based Maxim Integrated Products Inc.
Reuters reported Wednesday that Intersil may announce a sale to Renesas as early as next week, choosing the Japanese chip vendor over the U.S. semiconductor company.
Reuters added, however, that Maxim might still disrupt the deal with a new offer.
Maxim thrusting itself into the pursuit of Intersil reveals the complex twists and turns in the current M&A frenzy among global semiconductor companies.
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