ON Semiconductor Acquires Fairchild Semiconductor

It’s hard to keep track how semiconductor companies evolve given the pace of mergers, spin-offs and acquisitions. ON Semiconductor, a relatively young player in the industry but increasingly crucial for the audio industry, announced it will acquire one of the most iconic companies, Fairchild Semiconductor, for $2.4 Billion in Cash. The acquisition creates the global leader in the power semiconductor market, they say.