ON Semiconductor to acquire Quantenna

ON Semiconductor has announced it will be acquiring Quantenna Communications, a Wi-Fi solutions specialist.

With the addition of Quantenna’s Wi-Fi technology and software capabilities, ON Semi said that the acquisition would significantly add its connectivity portfolio and is a step towards strengthening its presence in industrial and automotive markets.

While the transaction has been approved by ON Semi’s and Quantenna’s boards of directors and is expected to close in the second half of 2019, completion is subject to approval by Quantenna’s stockholders, regulatory approvals and other customary closing conditions.