Global law firm Davis Polk & Wardwell, Japan’s Mori Hamada & Matsumoto, and Taiwan’s Chen & Lin have advised TWSE-listed fabless semiconductor company ASMedia on its proposed acquisition of U.S.-Japanese semiconductor company Techpoint for $390 million.
Techpoint was represented by Pillsbury Winthrop Shaw Pittman and Anderson Mori & Tomotsune.
The all-cash deal, priced at $20 per share, will see ASMedia expand its technology portfolio while gaining a strategic foothold in automotive and security markets. For Techpoint, the deal offers access to broader resources and potential synergies with ASMedia's high-speed transmission capabilities. its planned delisting from Tokyo Stock Exchange post-acquisition signals a streamlined integration approach.
The transaction underscores growing consolidation in Asia's tech sector, with Taiwanese companies actively pursuing cross-border acquisitions to enhance their market position.
The Davis Polk corporate team included partners Miranda So and Ken Lebrun, registered foreign lawyers Xi Shi and Beiming Liu, and associate Paul Lee. Counsel Alon Gurfinkel provided tax advice, while partner Paul D. Marquardt advised on CFIUS issues. Counsel Mary K. Marks and Nathan Kiratzis, and special adviser Frances Dethmers assisted on antitrust matters.
The MHM team was led by partner Yohsuke Higashi.
Pillsbury’s deal team was led by partners Drew Simon-Rooke and James J. Masetti, and included counsel Brandon B. Eckford, and associates Jon Schreiber and Tess Beimler. Davina K. Kaile, Alexandra Stephanos, Laura L. McDaniels, Matthew R. Rabinowitz, Roya Motazedi, and Evan Storm also assisted on the deal.
