Phoenix chipmaker buys Fairchild for $2.4 billion

On Semiconductor buys Fairchild

PORTLAND, Maine (NEWS CENTER) - - ON Semiconductor, the Phoenix-based chipmaker that has been trying to buy rival Fairchild since November, completed its $2.4 billion acquisition Monday.

The deal includes the Fairchild plant and offices in South Portland, where about 700 people are employed. ON’s news release about the acquisition did not say how Fairchild’s existing plants would be affected, if at all.

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Portland Press Heralld


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