Numerous megadeals agreed in principal in 2016 have not been finalized and the deal flow dropped to just a dozen transactions announced in 1H17 with a value of just $1.4 billion. This compares with $4.6 billion of deals announced in the 1H16 and $72.6 billion announced in the 1H15, IC Insights states.
Both those two years saw deals announced worth approximately $100 billion, a total that is unlikely to be reached in 2017.
The big difference between semiconductor M&A activity in 2017 and the prior two years has been the lack of megadeals. The only 2017 deal that has topped a half billion dollars has been MaxLinear's acquisition of Exar, announced in March and completed in May (see MaxLinear to buy Exar for $700 million ).
IC Insights' M&A list excludes acquisitions Intel's planned $15.3 billion purchase of Mobileye, an Israeli-based provider of digital imaging technology for autonomous vehicles, which IC Insights classes as a software and systems business. This was announced in March 2017.
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