Moody’s senior analyst Ken Chan put Chartered Semiconductor’s (CHRT) speculative-grade Ba2 rating under review for a possible downgrade after Abu Dhabi’s nationalized investment firm, ATIC, proposed to buy the Singapore-based company for $1.8 billion.

The acquisition would transfer the majority holding from Singapore investment agency, Temasek (Moody’s rating Aaa) to ATIC (Abu Dhabi’s sovereign rating Aa2).

Analysts differed on how the acquisition would affect Advanced Micro Devices (AMD), which had earlier united with ATIC to form Globalfoundries. Although Chartered and Globalfoundries will continue to operate as separate entities, increased scale of operations could result in cost synergies. Since AMD includes Globalfoundries in its consolidated results, the deal could shorten its road to profitability.

The deal would also open up Globalfoundries to several big customers, such as Microsoft Corp. (MSFT), Broadcom Corp. (BRCM), Marvell Technology Group (MRVL) and Texas Instruments (TXN). Its end market

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On June 29 2009, Integrated Device Technology (IDTI) shareholders approved the acquisition of Tundra Semiconductor Corporation for C$6.25 in cash per share, or C$120.8 million for the company. All outstanding “out of the money" options will be taken over by IDT, while “in the money" options and RSUs will be paid off. Management intends to fund the acquisition with cash available on hand.

A combination of the technologies offered by the two companies are expected to enhance IDT’s existing interconnect solutions for the communications and computing markets. Particular benefits will be seen in serial switching and bridging functionalities that use PCI Express, Rapid IO and VME interconnect standards.

The company will also acquire Silicon Logic Engineering, Inc. (Tundra’s logic unit), which provides ASIC and FPGA design services. Following the acquisition, Silicon Logic Engineering will start operating as an IDT subsidiary. Management currently expects the acquisition to be accretive to the non

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