M&A Deal Summary

Fairchild Semiconductor International Acquires Raytheon Company Semiconductor Division

On December 31, 1997, Fairchild Semiconductor International acquired semiconductors company Raytheon Company Semiconductor Division from Raytheon Co. for 120M USD

Acquisition Highlights
  • This is Fairchild Semiconductor International’s 1st transaction in the Semiconductors sector.
  • This is Fairchild Semiconductor International’s 3rd largest (disclosed) transaction.
  • This is Fairchild Semiconductor International’s 1st transaction in the United States.

M&A Deal Summary

Date 1997-12-31
Target Raytheon Company Semiconductor Division
Sector Semiconductors
Buyer(s) Fairchild Semiconductor International
Sellers(s) Raytheon Co.
Deal Type Divestiture
Deal Value 120M USD

Target

Raytheon Company Semiconductor Division

United States
Raytheon Company Semiconductor Division is a designer, developer and manufacturer of logic, discrete, analog and non-volatile memory semiconductors.

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Buyer(S) 1

Buyer

Fairchild Semiconductor International

San Jose, California, United States

Category Company
Founded 1959
Sector Semiconductors
Employees6,379
Revenue 1.4B USD (2015)
DESCRIPTION

Fairchild Semiconductor International, Inc. is a designer, developer and manufacturer of logic, discrete, analog and non-volatile memory semiconductors.


DEAL STATS #
Overall 1 of 8
Sector: Semiconductors M&A 1 of 7
Type: Divestiture M&A Deals 1 of 3
Country: United States M&A 1 of 5
Year: 1997 M&A 1 of 1
Size (of disclosed) 3 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-19 Power Device Division - Samsung

South Korea

Samsung's Power Device Division, is a complete line of Power Discrete devices and a broad line of industry-standard analog components.

Buy $450M

Seller(S) 1

SELLER

Raytheon Co.

Waltham, Massachusetts, United States

Category Company
Founded 1922
Sector Defense
Employees61,000
Revenue 27.1B USD (2018)
DESCRIPTION
Raytheon office in Burlington, Massachusetts.
Raytheon office in Burlington, Massachusetts.

Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon was established in 1922 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 3 of 9
Sector: Semiconductors M&A 1 of 1
Type: Divestiture M&A Deals 3 of 9
Country: United States M&A 3 of 9
Year: 1997 M&A 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-15 Amana

Beltsville, Maryland, United States

Amana Corp. is a provider of household appliances. Amana was founded in 1934 and is based in Beltsville, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Alliance Laundry Systems

Ripon, Wisconsin, United States

Alliance Laundry Systems is a manufacturer of stand-alone commercial laundry equipment in North America. Alliance Laundry produces a full line of washing machines, dryers, and pressing machines under the brand names of Speed Queen, UniMac, Huebsch and Ajax. Alliance Laundry Systems was founded in 1908 and is based in Ripon, Wisconsin.

Sell $358M