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Former US president Jimmy Carter dies aged 100
JAPANESE chip distributor Macnica Holdings is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate. Macnica, which sells chips made by the likes of Intel’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors. Scale is becoming important even for distributors, who need to navigate the technological rivalry between the US and China and the resulting export controls and supply chain snarls, according to Macnica president Kazumasa Hara. China, South-east Asia, India and South Korea are all areas of interest, he said. “We need to raise our market share as quickly as possible,” Hara said, adding that Macnica’s market presence remains low in growth regions such as China and South-east Asia. An acquisition is “one option” and a deal requiring an investment of billions of US dollars is “very likely”, he said. Japan’s biggest chip distributor, Macnica holds an estimated 22 per cent share in a country crowded with more than 20 rivals. In April, Macnica bought one such competitor, Glosel, and the sector’s also seen the merger of Ryoyo Electro and Ryosan, but Hara said he is not eager for another acquisition at home. The company should be able to hit its market share target of 30 per cent or more in 2030 organically, he said, reflecting the growing concentration of business seen in chip distribution elsewhere. The Yokohama-based company, which often draws comparisons with factory automation provider Keyence, may also conduct acquisitions to expand into other arenas, such as cybersecurity, Hara said. “When you look ahead, that’s one area that will grow,” he said. The goal is to lower Macnica’s reliance on semiconductors, which account for 90 per cent of its sales. In addition to cybersecurity, it’s exploring arenas that are less capital-intensive than semiconductors, such as self-driving car networks and health care. Macnica’s stock is down about 40 per cent from a February high, in part due to its exposure to industrial equipment chips in China. “It’s important to always be on the lookout for cutting-edge technologies to commercialise, just as we did with semiconductors in the past,” Hara said. BLOOMBERGPRAGUE, Czech Republic (AP) — When the referee whistled for the free kick just outside the area, Atletico Madrid forward Julián Álvarez quickly picked up the ball and moved in position to take the shot. “When I saw the free kick, I told Rodri (Rodrigo De Paul) that I felt confident with the shot,” Álvarez said. “And it was a great goal.”