Intel, chipmakers, pressured to make deals

Intel, chipmakers, pressured to make deals

As cash reserves swell, chipmakers are rushing to find partners for industry deals.

A maturing of the semiconductor industry is pushing companies to turn to larger acquisitions for expansion, said Steve Smigie, an analyst at Raymond James. Total semiconductor revenue has increased at an average rate of 5 percent a year since 2010, less than half the rate over the preceding 10 years, according to data compiled by Bloomberg Industries.

The industry's three largest companies, Intel, Qualcomm and Samsung Electronics Co., now have more than $100 billion in cash and equivalents, more than 80 percent higher than the amount in 2010, according to data compiled by Bloomberg.

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