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ON Semi to buy Sanyo Electric chip subsidiary for $366M

Posted: 19 Jul 2010  Print Version  Bookmark and Share Subscribe

Keywords: semiconductor  foundry 

[Summary of tips] Sanyo Electric Co. Ltd. has agreed to sell its loss-making semiconductor subsidiary to On Semiconductor Corp. for $366 million in a mix of stock and cash, which is more than had been previously predicted.The move allows On Semi to increase its manufacturing scale, broaden its product portfolio and expand its presence in the Jap......
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