Microchip Technology acquires Microsemi to $ 8.3 billion

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 Semiconductor Microchip manufacturer seizes Microsemi, his counterpart specializes in equipment for the military and aerospace industry.

Microchip Technology has just formalized its intention to acquire Microsemi to $ 8.35 billion. Founded in 1989, Microchip produces some microcontrollers, components (circuit, radio frequency, battery... Management), clock and timers for the industry, the automotive sector and the consumer market. Microsemi also produces semiconductors for the sectors of aerospace, defence, communications, data and industry centers. According to Microchip, the acquisition is expected to generate about $ 300 million of synergies from the third year following the transaction.

In 2016, the company had already put the hand on Atmel (components electronics, microcontrollers) to $ 3.4 billion. "Even if we implemented a very successfulMicrochip 2.0 strategy which allows organic growth of revenues, Microchip continues to consider profitable acquisitions as a key strategy to increase growthand the value for the" shareholders,"said Steve Sanghi, president and general manager of Microchip. (Eureka press)

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