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News Breaks
January 27, 2014
09:31 EDTISSIIntegrated Silicon downgraded to Hold from Buy at Feltl
Feltl downgraded Integrated Silicon based on high expectations ahead of the January 29 report and valuation. Price target is $13.
News For ISSI From The Last 14 Days
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August 18, 2015
16:18 EDTISSIIntegrated Silicon provides further update on regulatory approvals
Integrated Silicon Solution announced that it has submitted to the Taiwan regulatory authorities an application for the approval of the transfer of the shares of ISSI's Chingis Technology subsidiary to MediaTek Capital Corp. pursuant to the previously announced Share Sale and Purchase Agreement between ISSI and MediaTek Capital Corp. In connection with obtaining the required regulatory approval related to ISSI's acquisition by Uphill Investment, ISSI also filed applications with the Taiwan regulatory authorities for the change of company ownership status of its remaining subsidiaries in Taiwan. Additionally, ISSI announced that ISSI and Uphill have withdrawn and then refiled their notice to the Committee on Foreign Investment in the United States, or CFIUS, for clearance of the pending acquisition of ISSI by Uphill. This action was taken due to recent changes in the information contained in the initial CFIUS notice related to the ownership structure of Uphill. ISSI and Uphill continue to believe that the required approval from CFIUS will be obtained. However, the refiled notice will commence a new CFIUS review period. Upon acceptance of the refiled notice by CFIUS, the initial 30 day review period will begin and such period may be extended into an investigation that can last up to an additional 45 days. ISSI expects that the closing of the merger with Uphill will occur late in the third calendar quarter or early in the fourth calendar quarter.

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