Sufia Tippu, Freelance writer, EE Times
11/10/2015 10:10 AM EST
The current pace of consolidation can't continue, says Mentor Graphics' CEO Wally Rhines.
The current spate of mergers and acquisitions in the semiconductor industry cannot continue for long, according Walden Rhines, chairman and CEO of Mentor Graphics speaking at a user group meeting in Bangalore, India.
“While the number of transactions is not really out of line when you compare it to the previous years, what really is out of line is transactional value,” Rhines said. "If that [transactional value] is repeated in the second half of 2015, then we would be seeing an unprecedented phenomenon in semiconductor history.”
According to a CapIQ/Mentor Graphics analysis, the value of the 19 transactions in the first half of 2015 stood at $83 billion compared with $23 billion in 2014 for 32 transactions and $12 billion in 2013 for 16 transactions.