European chip maker STMicroelectronics is rumored to be the next leveraged buyout target following the whopping private-equity deals for Philips Electronics' chip business and Freescale Semiconductor. According to a report from Merrill Lynch, there's evidence that a leveraged buyout of STMicro is in the works.

For more about a possible leveraged buyout of STMicro:
- read this article from EE Times