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On Semiconductor to acquire Sanyo Semiconductor to enhance its manufacturing scale

July 15, 2010 // Julien Happich

On Semiconductor Corporation and Sanyo Electric Co., Ltd. announced the signing of a definitive purchase agreement providing for the acquisition of Sanyo Semiconductor Co., Ltd., a subsidiary of Sanyo Electric, and other assets related to the company's semiconductor business, by ON Semiconductor in a cash and stock transaction with a purchase price of approximately $366 million.


Based on the most recently completed quarter, Sanyo Semiconductor's annualized revenue was approximately $1.2 billion and the annualized revenue of the combined entity would be approximately $3.5 billion. The acquisition is expected to be completed before the end of 2010.

This acquisition will expand and strengthen ON Semiconductor's product portfolio, adding new capabilities ranging from microcontrollers and custom Application Specific Integrated Circuits (ASICs) to integrated power modules and motor control devices for the consumer, automotive and industrial end-markets.

This strategic move will provide On Semiconductor with access to market-leading Japanese and Asian customers and bring significant efficiency gains through optimization of manufacturing, process technology platforms and efficient capital investments.


Visit On Semiconductor at www.onsemi.com

Visit Sanyo Electric at http://semicon.sanyo.com/en/

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