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Year-end deals: Semicon companies settle merger, acquisition

Posted: 08 Dec 2015 ?? ?Print Version ?Bookmark and Share

Keywords:merger? acquisition? CMOS? image sensor? semiconductor industry?

Several companies in the consolidating semiconductor industry have recently finalised deals as the year draws to a close.

NXP Semiconductors and Freescale Semiconductor announced on Monday the completion of the merger, which has combined revenue of more than $10 billion. The merged entity will continue operations as NXP Semiconductors N.V.

"Today's formation of the new NXP is a transformative step on our journey to become the industry leader in high performance mixed signal solutions," said NXP CEO Rick Clemmer.

As previously announced, the transaction is expected to be accretive to NXP non-GAAP earnings in 2016, and NXP anticipates achieving cost savings of $200 million in 2016 with a clear path to $500 million of annual cost synergies.

IDT completes ZMDI buyout

Integrated Device Technology also completed on Monday its acquisition of privately held ZMDI (Zentrum Mikroelektronik Dresden) for $307 million. Announced six weeks ago, the buyout brings to IDT a highly regarded automotive and industrial business, as well as high-performance power devices and signal conditioning solutions.

"In addition to increasing our technology portfolio, we gain a very complimentary customer base that significantly extends our future ability to provide integrated system-level semiconductor solutions," said IDT President and CEO Greg Waters.

ZMDI's high-power programmable power devices complement IDT's existing low- and medium-power devices, creating a new industry franchise for high-performance, scalable power management solutions ideal for everything from solid state drives to data centres and 4G/5G base stations.

Toshiba to transfer fab facilities to Sony

Last Friday, Sony Corporation and Toshiba Corporation signed definitive agreements to transfer certain Toshiba-owned semiconductor fabrication facilities, equipment and related assets in its Oita Operations facility to Sony.

With a purchase price of approximately $154 million, the two Japanese companies aim to complete the transfer within the fiscal year ending March 31, 2016, subject to any required regulatory approvals.

Following the transfer, Sony and SCK plan to operate the semiconductor fabrication facilities primarily for manufacturing CMOS image sensors.

The parties expect to offer the employees of Toshiba and its affiliates employed at the fabrication facilities to be transferred, as well as certain employees involved in areas such as CMOS image sensor engineering and design (approximately 1,100 employees in total), employment within the Sony Group upon the completion of the transfer.

- Stephen Padilla

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