Microchip Technology is more a microcontroller and mixed-signal and analog devices manufacturer. They decided to acquire Microsemi Corporation.
They found an agreement where Microchip Technology will acquire Microsemi’s shares at $68.78, which will represent a total of equity of $8.35 billion. Both companies are looking at building a common strategy, joining Microsemi’s position on Power devices and Power Electronics markets, and Microchip position in analog and control devices.
The terms of the agreement have already been accepted by both companies’ Board of Directors, but it still needs confirmation of validity from the authorities and acceptance from Microsemi’s stakeholders. It’s expected to close by the end of Q2 2018.