On Semi completes Sanyo buy-out
January 04, 2011 // Phil Ling
The completion of the acquisition of Sanyo Semiconductor, a subsidiary of Sanyo Electric, and other assets related to Sanyo Electric's semiconductor business, by ON Semiconductor has been announced. ON Semiconductor paid approximately ¥11.8 billion ($144 million) in cash and drew down approximately ¥31.7 billion ($378 million) under a loan agreement with Sanyo Electric.
ON Semi plans to operate Sanyo Semiconductor as an independent division, using the Sanyo logo for up to three years. Teruo Tabata will continue as president of Sanyo Semiconductor.
However, plans are already underway to begin offering both ON Semiconductor's and Sanyo Semiconductor's products and technologies to all worldwide customers.
According to Keith Jackson, president and CEO of ON Semiconductor, the acquisition will enable ON Semi to expand 'wholeheartedly' into the Japanese market.
It expands ON Semi's product portfolio, adding microcontrollers and ASIC capabilities, as well as integrated power modules and motor control devices for the consumer, automotive and industrial end-markets.
Sanyo Semiconductor retains approximately ¥10 billion ($123 million) of cash on its balance sheet as of closing. In addition, Sanyo Electric's operational support of up to ¥25 billion ($307 million) over a two year period for the purpose of aligning Sanyo Semiconductor's cost to globally competitive manufacturing costs is expected to accelerate the timetable for the transaction to be accretive to earnings on a non-GAAP basis.
The goal is to deliver in excess of $30 million in pre-tax income per quarter, a goal that is believed to be achievable sooner than the approximate eighteen months post closing previously announced in July.All news
Smart PCBs for smaller ECUs: Infineon invests in PCB manufacturer
November 26, 2014
Chipmaker Infineon has invested into PCB manufacturer Schweizer Electronic AG. The move enables Infineon to shrink automotive ...
FTTH solutions for MDUs
Tiny LED makes bionic contact lenses realistic
How does a Blu-ray disc improve solar cell performance?
CEO interview: Vicor powers after higher volume applications
Wireless power receiver enables compact and efficient contactless battery charging
November 26, 2014
Batteries provide power to many different applications across a wide range of industries. Wireless charging enables those ...
Advanced wheel hub drive passes extensive driving tests
CEO interview: Murata succumbs to IoT temptation
ZigBee Alliance unifies application standards for Internet of Things
- Power Systems Design eBook
- Halogen-free options and increased performance for terminal blocks
- Wireless Power User Guide
- Secure is the New Smart
InterviewCEO interview: Vicor powers after higher volume applications
Patrizio Vinciarelli, is one of the longest serving CEOs in electronics, having founded Vicor in 1981 and led the company ever since. At Electronica he told EE Times Europe that his company is investing ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Cherry is giving away five of its Energy Harvesting Evaluation kits, worth over 266 Euros each, for EETimes Europe's readers to win. Cherry's energy harvesting technology benefit mostly applications where a complex wire assembly and/or batteries would be inappropriate.
The required RF-energy is created by the mechanical actuation of the switch and the data is transmitted...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.
Most popular news
- Could magnesium battery innovation end lithium's dominance?
- From warm to cool white: colour-temperature tunable LEDs
- Li-Fi communication module wirelessly transfers data at 1-Gbps
- Rebranding the revolution: the future of IoT is embedded
- Supercapacitor innovation promises panel-powered cars in five years