A reported buyout attempt by China’s largest computer chip maker of U.S. based Micron Technology isn’t likely to succeed, according to industry analysts.

Micron is one of the top five semiconductor makers in the world, and it has a lot to offer Tsinghua Unigroup, which has reportedly bid $23 billion for the Boise-based firm.

In a reply to Computerworld earlier today, Micron denied it has received any offer from Tsinghua.

Several analysts said The Wall Street Journal‘s report of a bid could likely be a “trial balloon.” If real, however, the deal could become the largest Chinese takeover of a U.S. company on record.

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