To complete its acquisition of SANYO Semiconductor, ON Semiconductor paid approximately 11.8 billion yen (U.S.$144 million) in cash to SANYO Electric and drew down approximately 31.7 billion yen (U.S.$378 million) under a loan agreement with SANYO Electric. SANYO Semiconductor was a subsidiary of SANYO Electric.
By adding SANYO Semiconductor, ON Semiconductor expands its product portfolio with microcontrollers, ASICs, integrated power modules, and motor control devices for the consumer, automotive, and industrial end-markets.
Teruo Tabata will continue as president of SANYO Semiconductor. “Similar to ON Semiconductor, we have a rich history that dates back more than 50 years,” says Tabata. “SANYO Semiconductor’s internally created mixed-signal process technologies and ON Semiconductor’s strong history of operational excellence with cost-competitive manufacturing will enhance our ability to deliver next-generation products and technologies to customers in Japan and abroad. The combination with ON Semiconductor is a great opportunity for customers, partners, and employees of SANYO Semiconductor.”
ON Semiconductor plans to operate SANYO Semiconductor as an independent division, and will use the SANYO logo for up to three years. However, plans are underway to begin offering both ON Semiconductor’s and SANYO Semiconductor’s products and technologies to all worldwide customers.