Fabless semiconductor designer MediaTek plans to make a bid for a 35-51 percent stake in Richtek at TWD 195 per share. When the transaction is complete, MediaTek will acquire the rest of the company’s outstanding shares, with the acquisition expected to complete in the second quarter of next year subject to relevant regulatory approvals.
MediaTek CEO Ming-Kai Tsai said the deal offers tremendous growth opportunities for power management related products through the cross-platform advantage. The CEO said the acquisition will strengthen the competitive edges of both companies and bolster MediaTek’s Internet of Things segment.
