Microchip to buy Microsemi for about $8.35 billion
The deal comes amid a new wave of consolidation in the semiconductor industry that included Singapore-based chipmaker Broadcom Ltd (AVGO.O) unveiling a $117 billion bid to acquire U.S. rival Qualcomm Inc (QCOM.O). Aliso Viejo, California-based Microsemi supplies high-performance analog and mixed signal integrated circuits and semiconductors to the aerospace and defense, communications, data center and industrial sectors. Microsemi, which has grown in the last few years through a wave of acquisitions, has said it wants to expand further in aerospace and defense.
Source:: https://finance.yahoo.com/news/microchip-technology-buy-microsemi-8-211242253.html
