News

Onsemi buys GT Advanced Technologies

GTAT has significant experience in crystalline growth, including SiC

26.08.2021 - Onsemi announced that they have entered into a definitive agreement under which the company will acquire GTAT for $415 million in cash. The transaction, which has been unanimously approved by the Boards of Directors of Onsemi and GTAT, is expected to close in the first half of 2022.

Completion of the transaction is subject to regulatory approvals and other customary closing conditions. Approval of Onsemi’s stockholders is not required in connection with the proposed transaction. The Company intends to fund the transaction through cash on hand and available capacity under its existing revolving credit facility. The company expects the transaction to be marginally dilutive to its non-GAAP earnings per share in the immediate term and to be accretive within one year after close.

Founded in 1994, GTAT has significant experience in crystalline growth, including SiC. SiC is a key material for next-generation semiconductors that provide technical benefits in SiC power switching devices, significantly improving system efficiency in electric vehicles (EVs), EV charging and energy infrastructure.

Contact

ON Semiconductor

NE Glisan Street 23400
97030 Gresham OR
United States

001/503/6184130
001/5036184550

Unsere Partner


The nominees have been determined. Vote now for the inspect award 2022

Image Sensors Europe will return in 2021 in a new online format.

I want to know more

Unsere Partner


The nominees have been determined. Vote now for the inspect award 2022

Image Sensors Europe will return in 2021 in a new online format.

I want to know more