Microchip Technology Inc. is in advanced talks to buy Microsemi Corp., according to people familiar with the matter, in what would be the latest in a wave of deals sweeping the semiconductor industry. The chip makers are nearing a deal that would value Microsemi roughly in the mid-$60s a share, according to one of the people—not much above the company’s current stock price, which ran up on reports of a possible sale.

Source: Wall Street Journal February 27, 2018 05:09 UTC