Taiwan probes insider trading in chip takeover

May 03, 2013

Prosecutors are probing alleged insider trading connected to a $3.8 billion takeover of a Taiwan chip design company.

Prosecutor Huang Mou-hsin said late Thursday that just before MediaTek's board approved a deal to buy its main rival MStar Semiconductor last June, four officials from the two companies bought shares of MStar. Following the announcement, shares of MStar surged more than 10 percent.

Chips designed by the two companies for use in televisions have a combined 70 percent . The takeover has been approved by Taiwanese and South Korean regulators but has yet to get approval from China's .

MediaTek is best known for its chipsets that power low-end Android handsets produced in China. It said its operations will not be affected by the probe.

Explore further: Bose sues Beats over headphone patents

4.5 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

Panasonic, Sanyo win EU takeover approval

Sep 29, 2009

(AP) -- Panasonic Corp. and Sanyo Electric Co. must sell off a European plant that makes batteries to win EU antitrust approval for the $9 billion deal creating one of the world's biggest electronics makers, the EU said ...

Level 3 to acquire Global Crossing for $2 billion

Apr 11, 2011

(AP) -- Level 3 Communications Inc. said Monday it will acquire another top long-distance Internet carrier, Global Crossing Ltd., in an all-stock transaction valued at about $2 billion.

EU extends deadline for Intel's McAfee deal

Jan 06, 2011

(AP) -- Intel Corp. and security specialist McAfee Inc. have given commitments to help get European Union approval for the U.S. chipmaker's $7.68 billion takeover, European regulators said Thursday.

US pharmacy giant buys rival for $29.1 billion

Jul 21, 2011

Pharmacy benefits manager Express Scripts said Thursday it had reached a deal to buy its competitor Medco Health Systems for $29.1 billion, ahead of looming changes in the US healthcare system.

Intel buys McAfee for $7.7B in push beyond PCs (Update 3)

Aug 19, 2010

(AP) -- Talk about a new meaning for "Intel Inside." Intel Corp. wants to be inside your television. And your cell phone. And your car. And pretty much any other device that could one day connect to the Internet ...

Recommended for you

Report: China to declare Qualcomm a monopoly

19 hours ago

(AP)—Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

julieandrew
not rated yet May 03, 2013
  I have bookmarked your website because it has got very much useful information in it. I am very much thankful for this website.