The acquisition creates a leader in the power semiconductor market with combined revenues of around $5 billion, diversified across multiple markets with a strategic focus on the automotive, industrial, and smartphone end markets.
"The combination of ON Semiconductor and Fairchild creates a power semiconductor leader with strong capabilities in a rapidly consolidating semiconductor industry. Our plan is to bring together two companies with complementary product lines to offer customers the full range of high, medium, and low-voltage products," said Keith Jackson, president and CEO of ON Semiconductor
“As part of ON Semiconductor, Fairchild will continue to pioneer technology and innovation in energy-efficient design to help our customers achieve success and drive value for our partners and employees worldwide,” said Mark Thompson, president and CEO of Fairchild. “We look forward to working closely with the ON Semiconductor team to ensure a smooth transition.”
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ON Semiconductor acquires Fairchild Semiconductor for $2.4 billion
ON Semiconductor Corporation and Fairchild Semiconductor International Inc. have announced that they have reached a definitive agreement for ON Semiconductor to acquire Fairchild in an all-cash transaction valued at approximately $2.4 billion.
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