Chipmaker Atmel would be due a termination fee if the merger with Microchip Technology fails to secure antitrust approval.

More consolidation is expected in semiconductors, especially among telecom suppliers not overly dependent on Apple

Stocks recover from brutal session lows by mid-afternoon Wednesday, though remain in the red as a massive selloff in crude oil prices spooks traders.

Stocks extend losses by mid-morning Wednesday as oil prices continue their free fall and a series of disappointing earnings reports undermine investor confidence.

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.