Well, no expert opinions, but certainly looks like $HIMX to me. Doesn't hurt that they and Foci have basically said it's them. Foci has run hard this month to over 2.2B USD valuation. Himax, which owns some Foci, and is the other half of the CPO solution has not participated

Foci now worth $2.5B USD off CPO hype. Existing business is minimal and retracting. $HIMX is the other HALF of the solution and at trough valuation for legacy business. The very same CPO opportunity valued at 0. And they own ~140m of Foci against 1.25B valuation. Makes no sense.

$SMTC Seems to have gotten a steal here thanks to the executive order that made this a distressed asset. The mandated timeframe also made the prospective buyer list very small.