Despite recent high profile multi-billion-dollar tech deals, the market for mergers and acquisitions has fallen to its lowest point in a decade. The number of deals has gone up, but the total market value has declined.
Benzinga US Tech Embargo Has Pushed Beijing for Self-Sufficiency, Drives Local Chip Equipment Firms to Double Profits Chinese chip equipment makers Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits after the U.S. tech embargo forced manufacturers to seek domestic alternatives. Advanced Micro-Fab said net income for the first half likely grew 110% - 120%. Naura reported on Friday a 121% - 156% growth in profit to as much as 1.93 billion yuan ($270
Japan's Toshiba said its board of directors has decided to recommend shareholders take up a tender offer from a consortium led by Japan Industrial Partners.