• American City Business Journals6 days ago

    Why ON Semiconductor's $2.4B Fairchild acquisition took nearly a year to close

    ON Semiconductor had some challenges to overcome before it could close on its $2.4 billion acquisition of Fairchild Semiconductor International Inc. The Phoenix-based semiconductor supplier first made its offer to buy Fairchild late last year. Part of the reason the deal took longer than anticipated was the two companies' high position in the automotive ignition market, said David Somo, ON's senior vice president for corporate strategy and marketing.

  • PR Newswire7 days ago

    Cirrus Logic Set to Join the S&P MidCap 400; Amphastar Pharmaceuticals to Join S&P SmallCap 600

    NEW YORK, Sept. 19, 2016 /PRNewswire/ -- S&P SmallCap 600 constituent Cirrus Logic Inc. (NASD: CRUS) will replace Fairchild Semiconductor International Inc. (NASD: FCS) in the S&P MidCap 400, and  Amphastar ...

  • American City Business Journals7 days ago

    ON Semiconductor completes its $2.4 billion acquisition of Fairchild

    Phoenix-based ON Semiconductor Corp. announced its $2.4 billion cash acquisition of Fairchild Semiconductor International Inc. today. The long-awaited acquisition, which closed Sept. 16, makes ON (ON) the largest supplier of power semiconductors in the world and a top 10 non-memory semiconductor company. The acquisition also increases ON’s market in industrial, cloud power and automotive industries, which take quite a bit of semiconductors, said David Somo, ON’s senior vice president of corporate strategy and marketing.