Why is tech M&A booming?

Fortune

The speed and volume of mergers and acquisitions large and small in the technology industry has ramped up. Global tech M&A volume in the first half of this year was up 55% over last year, reaching its highest level since 2000.

Part of the reason for the buying spree is because tech companies have massive cash piles on their balance sheets. There’s also the acqui-hire trend, where tech companies are created cheaply, raise seed funding easily, fail, and then “sell” to Yahoo [fortune-stock symbol=”YHOO”], Facebook [fortune-stock symbol=”FB”], or Google [fortune-stock symbol=”GOOG”] – which merely want the employees.

But that’s not all. As vice chairman of JPMorgan Chase, Jimmy Lee has a front-row seat to the deal action. And he’s been increasingly pushing the firm into tech deals, most notably, the much-anticipated initial public offering of Chinese e-commerce giant Alibaba.

Speaking on stage at Fortune’s Brainstorm Tech conference in…

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