Asia Express - Consumer Electronics
ON Semiconductor to Purchase Sanyo Semiconductor
July 06, 2010
Sanyo Electric, a wholly-owned subsidiary of Panasonic, plans to sell its semiconductor unit, Sanyo Semiconductor, to US-based ON Semiconductor, according to a June 2 report by Kyodo News of Japan. Sanyo Semiconductor manufactures analog IC for audiovisual products, and ON Semiconductor is an analog and mixed signal IC manufacturer which was spun off from Motorola in 1999. The two companies are currently discussing the value of the deal and it is reported that ON Semiconductor will pay around 20 billion Yen (US$220 million; US$1=87.9 Yen) to 30 billion Yen (US$350 million) for this new semiconductor unit. It is expected that the deal will be finalized before the end of July 2010.