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Onsemi to acquire New York chip startup in cash deal
Original: Onsemi to acquire New York chip startup in huge cash deal
US semiconductor maker Onsemi has agreed to buy a New York-based chip startup in a large all-cash transaction. The deal will add the startup's technology to Onsemi's portfolio as chipmakers continue consolidating and racing to secure specialized semiconductor capabilities. The size of the acquisition and the startup's name were not detailed in the initial coverage.
Why now: A major semiconductor acquisition signals continued consolidation in the chip industry, drawing attention from investors and tech watchers.
Evidence
- Onsemi to acquire New York chip startup in huge cash deal · ABC15 Arizona
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