- American City Business Journals•10 days ago
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.
- TheStreet.com•10 days ago
ON Semiconductor (ON) stock received a 'buy' rating at Deutsche Bank and a 'positive' rating at Susquehanna on Tuesday.
- American City Business Journals•11 days ago
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.
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