Onsemi, Renesas and Analog Devices all Announce and Finalize Acquisitions

Namely, onsemi announced it will acquire GT Advanced Technologies, Renesas said it will purchase Dialog Semiconductor, and Analog Devices confirmed it completed the acquisition of Maxim Integrated.

The substantial scope and monetary value of these acquisitions are likely to send ripples through the power electronics industry around the world.

 

onsemi Acquires GT Advanced Technologies

The move is reportedly aimed at accelerating onsemi’s mission to manufacture intelligent power and sensing technologies as well as support the firm in renewing its renewable energy efforts.

The onsemi team in New York. Image courtesy of Nasdaq, via Twitter

 

The acquisition of GT Advanced Technologies (GTAT) will now expand onsemi’s silicon carbide capabilities, as well as help the firm meet the increasing needs for electric vehicles (EVs), EV charging and energy infrastructure.

In particular, onsemi confirmed it plans to invest in expanding GTAT’s research and development efforts to advance 150mm and 200mm SiC crystal growth technology, together with components related to the SiC supply chain like Fab capacity and packaging.

The value of the transaction, which was unanimously approved by the Boards of Directors of onsemi and GTAT has not been openly disclosed, but onsemi said it will be a cash-only purchase expected to be completed in the first half of 2022.

It is not yet clear whether GTAT will continue to operate as an independent entity or if it will become part of the Onsemi team.

 

Renesas to purchase Dialog Semiconductor

The acquisition, which was firstly announced in February, is aimed at strengthening Renesas’ global footprint across large, high-growth markets in the IoT,  industrial and automotive fields.

Dialog’s low-power technologies and connectivity expertise focus around its mixed-signal integrated circuits (ICs).

These include battery and power management, power conversion, configurable mixed-signal, LED drivers, custom mixed-signal ICs, and automotive power management ICs, wireless charging technology, and more.

The technologies will now aid Renesas scale its IoT sector capabilities with Dialog’s low-power technologies, unlock further differentiation to Renesas system solution with connectivity, add engineering and design scale and more effective go-to-market initiatives, and deliver earnings accretion and cost savings.

The transaction will reportedly cost Renesas EUR 4.9 billion (roughly $5.8 billion), and will see Dialog continue operating as a separate entity under the guidance of Renesas.

 

Analog Devices acquires Maxim Integrated

Analog Devices first announced the planned transaction in July 2020. The electronics giant has now completed the acquisition of Maxim Integrated.

Under the terms of the definitive agreement, Maxim stockholders reportedly received 0.63 of a share of ADI common stock for each share of Maxim common stock.

In addition, Maxim common stock will no longer be listed for trading on the NASDAQ stock market, and the companies’ boards of directors will be combined.

“Today is a tremendous milestone for Analog Devices and I’m delighted to welcome the Maxim team, who share our passion for solving our customers’ most complex technology problems,” commented the company’s President and CEO Vincent Roche.

According to the executive, with more than 10,000 engineers and the firms’ combined best-in-class technologies, Analog Devices will be now well-positioned to develop even more complete, cutting-edge solutions for their customers.

“Together, we will drive the next waves of analog semiconductor innovation, while engineering a healthier, safer, and more sustainable future for all,” Roche concluded.

For context, Maxim recently acquired Trinamic, a firm specializing in motion control solutions. Following the completion of Maxim’s acquisition by Analog Devices, the firm will now also benefit from a new range of intelligent actuators.