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Four large M&A agreements
mark first half of 2022
SCOTTSDALE, Arizona — After slow-
ing significantly in the last half of
2021, the pace of megadeals for semi-
conductor mergers and acquisitions
regained momentum in the first six
months of 2022, according to IC In-
sights’ August 3Q Update of The Mc-
Clean Report.
Value between $1.9B and $9.4B
So far this year, four large agreements
have been announced — each valued be-
tween $1.9 billion and $9.4 billion, push-
ing the combined 1H22 M&A total to $20.6
billion (Figure 1), according to the new 3Q
Update report.
In comparison, the first-half 2021 total
value of M&A agreements for semiconduc-
tor companies, assets, product lines, and
related business operations totaled $18.2
billion, including four that were announced
with price tags between $1.4 billion and
$7.1 billion.
OCTOBER 2022
In the last six months of 2021, the com-
bined value of new semiconductor M&A
deals was $4.4 billion — the lowest total
for the second half of a year since early
last decade, according to the 3Q Update.
On pace to surpass 2021
The total value of semiconductor acquisi-
tion agreements in 2022 appears to be on
pace to surpass 2021’s full-year M&A value
of $22.7 billion.
Unless significantly more M&A deals are
struck in the remainder of 2022, however,
this year’s total value will probably fall be-
low the recent annual norm of about $29
billion (± $2 billion), excluding 2020, when
acquisition agreements hit a record-high
$117.9 billion.
Peak was in 2020
The 2020 peak in semiconductor M&A an-
nouncements included Advanced Micro
Devices’ acquisition of programmable-logic
leader Xilinx for stock (initially valued at
$35 billion) and NVIDIA’s controversial
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