Silicon Motion and MaxLinear Rebounded Over 8% and 3% in Premarket Trading After Crashing Over 23% and 19% Separately Yesterday

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Silicon Motion and MaxLinear Rebounded Over 8% and 3% in Premarket Trading After Crashing Over 23% and 19% Separately Yesterday

Tiger Newspress2023-07-28

Silicon Motion Technology and MaxLinear rebounded over 8% and 3% in premarket trading after crashing over 23% and 19% separately yesterday.

MaxLinear has announced that it has exercised its contractual rights to terminate its May 5, 2022 merger agreement with Silicon Motion. But Silicon Motion has responded by saying that termination is invalid and intends to enforce it.

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