GigOptix, Inc. to Acquire Terasquare, Co. Ltd.
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Roth Capital Reiterates Buy on GigOptix (GIG) Following Terasquare Acquisition
September 24, 2015 8:33 AM EDTRoth Capital reiterated a Buy rating and $4.00 price target on GigOptix (NYSE: GIG) following Terasquare (Korea) acquisition. Analyst Krishna Shankar believes that this acquisition will potentially double GIG's revenue opportunity in datacenters by adding clock and timing-related chips (CDR) to GIG's leading... More
GigOptix (GIG) to Acquire Terasquare in $119M Deal
September 22, 2015 9:03 AM EDTGigOptix (NYSE: GIG) announced signing a definitive agreement to acquire Terasquare, Co. Ltd., a Seoul, Korea-based, fabless semiconductor company and provider of low power, CMOS high speed communication interface semiconductors for 100Gbps Ethernet, Fiber Channel, and EDR Infiniband applications. The acquisition is expected to become effective on Wednesday, September 30, 2015.
We have a proven track record of acquiring and integrating companies in the most financially prudent manner. Each acquisition has served as a building block to generate continuous growth in our business. The acquisition of Terasquare is the next piece in our long-term plan... More
