je.st
news
ON Semiconductor to Acquire Fairchild Semiconductor for $2.4 Billion in Cash
2015-11-18 13:38:58| Electronics - Topix.net
November 18, 2015 -- ON Semiconductor Corporation and Fairchild Semiconductor International Inc. today announced that they have entered into a definitive agreement for ON Semiconductor to acquire Fairchild for $20.00 per share in an all cash transaction valued at approximately $2.4 billion. The acquisition creates a leader in the power semiconductor market with combined revenue of approximately $5 billion, diversified across multiple markets with a strategic focus on automotive, industrial and smartphone end markets.1 "The combination of ON Semiconductor and Fairchild creates a power semiconductor leader with strong capabilities in a rapidly consolidating semiconductor industry.
Tags: in
cash
billion
acquire
Category:Electronics and Electrical