ON Semi buys AMI Semiconductor

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ON Semiconductor is to buy AMI Semiconductor in a deal worth $915million. AMI ceo Christine King, pictured, said the acquisition represents a 'compelling opportunity'.

ON Semiconductor is to buy AMI Semiconductor in a deal worth $915million. “The acquisition of AMIS furthers the transformation of ON Semiconductor into an analogue and power solutions leader with enhanced scale, higher value and higher margin products, deep customer relationships and an expanded addressable market,” said Keith Jackson, ON Semiconductor president and CEO. “Combining ON Semiconductor’s leading standard products and advanced manufacturing infrastructure with AMIS’s growing standard products business and substantial custom product portfolio will enable the combined company to more comprehensively address our customers’ needs.” According to Christine King, AMI’s ceo, pictured: “This transaction represents a compelling opportunity for AMIS employees, customers and shareholders by combining the outstanding manufacturing excellence of ON Semiconductor with the world class mixed signal design talent of AMIS. “Through the combination, our employees will have access to a more complete technology roadmap and capabilities as well as the opportunity to serve our customers with a wider array of products; either custom or standard.”