Littelfuse to Acquire IXYS Corporation

Acquisition significantly expands capabilities across high growth power semiconductor markets
 
CHICAGO & MILPITAS, Calif. -- Littelfuse, Inc. (NASDAQ:LFUS) and IXYS Corporation (NASDAQ:IXYS) today announced that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. The transaction represents an equity value of approximately $750 million and enterprise value of $655 million.(1) Under the terms of the agreement, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration. In total, 50% of IXYS stock will be converted into the cash election option and 50% into the stock election option.
Read more: IXYS Corporation ( IXYS )

Eltek Ltd. Receives an Order for up to $3.0 Million From a Governmental Authority

PETACH-TIKVA, Israel, July 24, 2017 -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today it received an order from a governmental authority for a project that includes, among other things, manufacturing and procurement in an amount of up to approximately US$ 3 million.
 
The execution of the project will extend over a period of two years, during which Eltek will be required to meet quarterly milestones. The customer has an option to extend the project for an additional twelve month period, during which Eltek will be required to meet additional quarterly milestones.
Read more: Eltek Ltd ( ELTK )

QuickLogic Collaborates with AISpeech Company, Ltd. to Enable Cloud-Based Artificial Intelligence

SUNNYVALE, CA--(June 23, 2017) - QuickLogic Corporation (NASDAQ: QUIK)
 
AISpeech is a leading enterprise of AI-based speech technology in China
Supports QuickLogic vision to enable any battery-powered IoT device to connect to cloud-based digital AI assistants via voice commands
First application will be Bluetooth headsets from IoT hardware company, Qiwo
QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, display bridge and programmable logic solutions, today announced that it is collaborating with AISpeech, a leading enterprise of Artificial Intelligence (AI) speech technology that is currently focusing on the Chinese market.
Read more: QuickLogic Corporation ( QUIK )

ViXS to sell itself to Pixelworks for $20.2M (U.S.)

Mr. Sohail Khan reports
 
PIXELWORKS TO ACQUIRE VIXS SYSTEMS
 
Pixelworks Inc. and ViXS Systems Inc. have entered into a definitive agreement under which Pixelworks will acquire all of the outstanding common shares of ViXS in an all-stock transaction consisting of approximately 3.7 million shares of Pixelworks common stock valued at approximately $20.2-million (U.S.). At the effective closing date, each share of ViXS will be exchanged for 0.04836 of a share of Pixelworks' common stock. The exchange ratio is equivalent to consideration of 26 U.S. cents per ViXS common share, based on the closing price of Pixelworks on May 17, 2017. Based on a 60-day trailing average stock price for Pixelworks of $4.65 (U.S.) per share and 21 Canadian cents (15 U.S. cents) per share for ViXS, the transaction represents a premium of approximately 47.7 per cent.
Read more: ViXS Systems Inc ( VXS )

Trio-Tech Third Quarter Net Income Increased 133% to $0.10 Per Share versus $0.04 Per Share Last Year

Nine Months Net Income Increased to $0.27 Per Diluted Share versus $0.17 Per Share in the Same Period Last Year
 
VAN NUYS, Calif. -- Trio-Tech International (NYSE MKT: TRT) today announced financial results for the third quarter and first nine months of fiscal 2017:
 
Fiscal 2017 third quarter revenue increased 5.0% to $9,825,000 compared to $9,355,000 for the third quarter of fiscal 2016.
Fiscal 2017 third quarter net income increased 133% to $350,000, or $0.10 per diluted share, compared to $150,000, or $0.04 per share, for the third quarter of fiscal 2016.
Revenue for the first nine months of fiscal 2017 increased 8.8% to $27,900,000 compared to revenue of $25,639,000 for the same period of fiscal 2016.
Net income for the first nine months of fiscal 2017 increased 60.8% to $963,000, or $0.27 per diluted share, compared to $599,000, or $0.17 per share, for the same period of fiscal 2016.
Read more: Trio-Tech International ( TRT )

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