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Mergers: Microchip buys Microsemi
  • Microchip Technology plans to acquire Microsemi Corp. for about $8.35 billion in cash.

    The combined company would have annual sales of about $5.8 billion, based on each firm's revenue in the fourth quarter of 2017.

    The acquisition would further an unprecedented run on large mergers and acquisitions in the semiconductor space. Though the total value of semiconductor industry acquisitions declined to about $27.7 billion last year from $107.3 billion in 2015 and $99.8 billion in 2016, according to market watcher IC Insights, the market remains hot for consolidation.