Sanken Electric Co (TYO:6707), Allegro Microsystems' largest shareholder with a 32% stake, faces uncertainty as ON Semiconductor explores a takeover of the $4.1 billion chipmaker, Bloomberg reported Sunday, citing sources.
Allegro has not signaled interest in a sale.
Both companies develop power and sensing chips, with Allegro focused on automotive and industrial markets. The potential bid comes amid concerns over slowing EV chip demand in the US
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