ON Semiconductor to Acquire Sanyo Semiconductor
Jul 16, 2010
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ON Semiconductor Corp. agreed to purchase Sanyo Semiconductor Co., Ltd., a subsidiary of Sanyo Electric for approximately $366 million.

Based on the most recent 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.

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