DEVELOPING: Chartered for sale?

Chartered Semiconductor Manufacturing will be merged or sold, the Far Eastern Economic Review is reporting.

The Singapore firm is the third-biggest customized chipmaker in the world, and it has had three CEOs in three months and a reported six quarterly losses in a row.

Chartered Semiconductor shocked the market by announcing plans to generate $633 million by releasing heavily discounted shares, while management had previously denied that extra funds were needed.


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