To The Moon

Silicon Motion Technology said MaxLinear's termination of the companies' planned merger is invalid, setting up a fight between the two chipmakers over a deal that recently won approval from Chinese regulators."MaxLinear's eleventh-hour purported termination of its merger agreement with Silicon Motion is invalid and reflects a repudiation of MaxLinear's obligations rather than any failure of Silicon Motion's conditions to closing," Silicon Motion said. "Silicon Motion complied with its obligations under the agreement and Silicon Motion has not suffered a material adverse effect.". "Silicon Motion expects MaxLinear to abide by its obligation under the merger agreement and intends to vigorously enforce its rights under the merger agreement," the company said.MaxLinear said in a securities filing Wednesday evening that certain closing conditions set forth in the merger agreement haven't been met and are incapable of being satisfied.MaxLinear also said Hong Kong-based Silicon Motion is deal