ON Semiconductor Sells IGBT Line to Close Fairchild Deal

ON Semiconductor Corp. has sold its insulated gate bipolar transistor (IGBT) product line to Littelfuse, Inc.  in order to move ahead with its acquisition of Fairchild Semiconductor. The U.S. Federal Trade Commission (FTC) required that ON Semiconductor “dispose of its” IGBT business prior to the closing of the acquisition. The IGBT business generated less than…

Fairchild Rejects Unsolicited Bid

San Jose, Calif. – Fairchild Semiconductor International, Inc. (Nasdaq: FCS) (“Fairchild”) announced today that its board of directors (the “Board”), after consultation with its legal and financial advisors, has determined that the unsolicited proposal received on December 28, 2015, from China Resources Microelectronics Limited (“China Resources”) and Hua Capital Management Co., Ltd. (“Hua Capital”) to…

Fairchild Semiconductor Receives Unsolicited Bid

San Jose, Calif. – Fairchild Semiconductor International, Inc. (Nasdaq: FCS) (“Fairchild”) today acknowledged receipt of an unsolicited proposal to acquire all of the outstanding shares of common stock of Fairchild for $21.70 per share in cash (the “Proposal”). As previously announced on November 18, 2015, Fairchild entered into an Agreement and Plan of Merger, dated as…

ON Semiconductor to Acquire Fairchild for $2.4 Billion in Cash

ON Semiconductor Corporation (Nasdaq: ON) (“ON Semiconductor”) and Fairchild Semiconductor International Inc. (Nasdaq: FCS) (“Fairchild”) today announced that they have entered into a definitive agreement for ON Semiconductor to acquire Fairchild for $20.00 per share in an all cash transaction valued at approximately $2.4 billion. The acquisition creates a leader in the power semiconductor market…

Mouser Adds Fairchild’s Xsens Line

Mouser Electronics, Inc., the global authorized distributor with the newest semiconductors and electronic components, today announced it has expanded its global distribution agreement and partnership with Fairchild Semiconductor to include Xsens. An independent subsidiary of Fairchild, Xsens is recognized worldwide as a leading innovator in 3D motion tracking technology. As part of Fairchild, the synergy of the two…

Q3 Sales up at Fairchild Semiconductor

Fairchild Semiconductor (NYSE: FCS), a leading global supplier of power semiconductors, today announced results for the third quarter ended September 29, 2013. Fairchild reported third quarter sales of $364.6 million, up 2 percent from the prior quarter and third quarter of 2012. Fairchild reported third quarter net income of $12.1 million or $0.09 per diluted…