M&A Deal Summary

onsemi Acquires Qorvo - Silicon Carbide JFET Technology

On December 9, 2024, onsemi acquired semiconductors company Qorvo - Silicon Carbide JFET Technology from Qorvo for 115M USD

Acquisition Highlights
  • This is onsemi’s 13th transaction in the Semiconductors sector.
  • This is onsemi’s 10th largest (disclosed) transaction.
  • This is onsemi’s 14th transaction in the United States.
  • This is onsemi’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2024-12-09
Target Qorvo - Silicon Carbide JFET Technology
Sector Semiconductors
Buyer(s) onsemi
Sellers(s) Qorvo
Deal Type Divestiture
Deal Value 115M USD

Target

Qorvo - Silicon Carbide JFET Technology

Greensboro, North Carolina, United States
Qorvo's Silicon Carbide JFET Technology provides lowest on-resistance per chip area, using less than half of any other technology.

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Buyer(S) 1

Buyer

onsemi

Phoenix, Arizona, United States

Category Company
Founded 1992
Sector Semiconductors
Employees31,000
Revenue 8.3B USD (2023)
DESCRIPTION
ON Semiconductor's corporate headquarters in Phoenix, Arizona.
ON Semiconductor's corporate headquarters in Phoenix, Arizona.

onsemi is a designer, developer, manufacturer, and marketer of semiconductor components that addresses the design needs of electronic systems and products. onsemi supplies power and data management semiconductors and standard semiconductor components worldwide. onsemi was founded in 1992 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 16 of 16
Sector (Semiconductors) 13 of 13
Type (Divestiture) 4 of 4
State (North Carolina) 2 of 2
Country (United States) 14 of 14
Year (2024) 2 of 2
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 SWIR Vision Systems

Durham, North Carolina, United States

SWIR Vision Systems is a provider of CQD (colloidal quantum-dot-based) short wavelength infrared (SWIR) technology – a technology that extends the detectable light spectrum to see through objects and capture images that were not previously possible. SWIR Vision Systems is based in Durham, North Carolina.

Buy -

Seller(S) 1

SELLER

Qorvo

Greensboro, North Carolina, United States

Category Company
Founded 1957
Sector Semiconductors
Employees8,700
Revenue 3.8B USD (2024)
DESCRIPTION
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.

Qorvo is a provider of core technologies and radio frequency solutions for mobile, infrastructure and defense and aerospace applications. Qorvo has one of the industry's broadest portfolios of RF products and core technologies, and world-class ISO 9001-, ISO 14001- and ISO/TS 16949-certified manufacturing facilities. Qorvo is a preferred supplier to companies that serve the mobile device, networks infrastructure and defense and aerospace markets. Qorvo's designs and manufacturing expertise encompasses many semiconductor process technologies, which is sourced both internally and through external suppliers. Qorvo operates worldwide with design, sales and manufacturing facilities located throughout Asia, Europe and North America. The Company's primary design and manufacturing facilities are located in North Carolina, Oregon, Texas and Florida, and our primary assembly and test facilities are located in China, Costa Rica and Texas. Qorvo was founded in 1957 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Divestiture) 2 of 2
State (North Carolina) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Anokiwave

Billerica, Massachusetts, United States

Anokiwave is a provider of high-performance silicon integrated circuits (ICs) for intelligent active array antennas for D&A, SATCOM, and 5G applications. Anokiwave was founded in 1999 and is based in Billerica, Massachusetts.

Buy -