Exclusive: iPhone supplier InvenSense exploring sale - sources
InvenSense Inc (INVN.N), a U.S. semiconductor company that makes motion sensors for Apple Inc (AAPL.O) and Samsung Electronics Co (005930.KS), is exploring strategic alternatives, including a possible sale, people familiar with the matter said on Friday.InvenSense shares jumped as much as 13 percent on the news, and were trading up 61 cents at $7.48 by late afternoon, giving the company a market capitalization of nearly $700 million.If it succeeds in selling itself, InvenSense would be the latest company to be swept up by a wave of consolidation in the industry, as makers of chips for smartphones face intense price competition and seek scale.
iPhone supplier InvenSense exploring sale: Sources
REUTERS: InvenSense Inc , a U.S. semiconductor company that makes motion sensors for Apple Inc and Samsung Electronics Co , is exploring strategic alternatives, including a possible sale, people familiar with the matter said on Friday.InvenSense shares jumped as much as 13 percent on the news, and were trading up 61 cents at US$7.48 by late afternoon, giving the company a market capitalisation of nearly US$700 million.If it succeeds in selling itself, InvenSense would be the latest company to be swept up by a wave of consolidation in the industry, as makers of chips for smartphones face intense price competition and seek scale.
Apple iPhone supplier InvenSense pops almost 9% on report it is exploring a sale
InvenSense, a U.S. semiconductor company that makes motion sensors for Apple and Samsung Electronics, is exploring strategic alternatives, including a possible sale, people familiar with the matter said on Friday.Shares of the company were up more than 8.7 percent on Friday afternoon.InvenSense, which makes high-performance gyroscopes to help smartphones calculate motion that could improve applications such as the popular game Pokemon Go, is working with an investment bank to explore its options, the people said.
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