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Fairchild Semiconductor Acquires QT Optoelectronics

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SOUTH PORTLAND, Maine, May 31 -- Fairchild Semiconductor International has finalized its acquisition of QT Optoelectronics, Inc. (QTO). QTO agreed to sell for $97.8 million, of which 12.5 percent will be paid in cash and the rest in Fairchild stock. QTO will become a wholly owned subsidiary of Fairchild and will be known as QT Optoelectronics, a Fairchild company. QTO comprises three product lines: optocouplers, LED lamps and displays and infrared components. Together, the lines produce over 750 components and employ approximately 1500 people around the globe. While QTO runs engineering...Read full article

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    Published: May 2000
    ConsumerindustrialNews & Features

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