Microchip Technology completed the acquisition of Microsemi Corporation for $9.8bn.

Microchip Technology, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, completed the acquisition of Microsemi Corporation, a leading provider of semiconductor solutions, for $9.8bn. “We are delighted to welcome Microsemi to become part of the Microchip team and look forward to closing the transaction and working together to realize the benefits of a combined team pursuing a unified strategy. Even as we execute a very successful Microchip 2.0 strategy that is enabling organic revenue growth in the mid to high single digits, Microchip continues to view accretive acquisitions as a key strategy to deliver incremental growth and stockholder value. The Microsemi acquisition is the latest chapter of this strategy and will add further operational and customer scale to Microchip,” Steve Sanghi, Chairman and CEO of Microchip.