Microchip to buy Microsemi for about $8.35 billion

MICROCHIP TECHNOLOGY TO ACQUIRE MICROSEMI • Significantly Expands Microchip’s solutions for Data Center, Communications, Defense and Aerospace Markets • Expected to be immediately accretive to non-GAAP earnings per share • Estimated $300 million in synergies in the third year after close of transaction • Adds strong complementary analog and mixed-signal product lines supporting Microchip 2.0 strategy
Microchip Technology Inc said on Thursday it would buy Microsemi Corp, the largest U.S. commercial supplier of military and aerospace semiconductor equipment, for about $8.35 billion.
The deal comes amid a new wave of consolidation in the semiconductor industry that included Singapore-based chipmaker Broadcom Ltd unveiling a $117 billion bid to acquire U.S. rival Qualcomm Inc.
Aliso Viejo, California-based Microsemi supplies high-performance analog and mixed signal integrated circuits and semiconductors to the aerospace and defense, communications, data center and industrial sectors.
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