ON Semiconductor – Fairchild Semiconductor

ON Semiconductor in September announced it had acquired Fairchild Semiconductor in a $2.4 billion deal.

Fairchild Semiconductor specializes in analog products like haptic drivers and battery protection ICs, as well as automotive products like power modules.

"The acquisition of Fairchild is a transformative step in our quest to become the premier supplier of power management and analog semiconductor solutions for a wide range of applications and end-markets," said Keith Jackson, president and CEO of ON Semiconductor, in a statement. "Fairchild provides us a platform to aggressively expand our profitability in a highly fragmented industry."