Image Sensor Unit Acquired
ON Semiconductor of Phoenix will acquire
the CMOS Image Sensor Business Unit (ISBU) of Cypress Semiconductor Corp. of San
Jose, Calif., in an all-cash transaction of approximately $31.4 million. Subject
to customary closing conditions, the transaction is expected to close by the end
of the first quarter of 2011. The ISBU will become an integrated part of ON Semiconductor’s
Digital, Military/Aerospace and Image Sensor Div. ON Semiconductor’s current
products target 1-D image sensing with a focus on contact image sensing and ambient/proximity
sensors. At the close of the acquisition, it will have a complete image sensing
product offering between 1- and 2-D sensors across multiple end markets.
/Buyers_Guide/onsemi/c10728