Announced

onsemi to acquire GT Advanced Technologies for $415m.

Synopsis

onsemi, a supplier of intelligent power, agreed to acquire GT Advanced Technologies, a producer of silicon carbide, for $415m. “This transaction reflects our confidence and stated commitment to meaningfully invest in silicon carbide solutions to support the creation of intelligent power and sensing technologies to help build a sustainable future,” Hassane El-Khoury, onsemi President and CEO.

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