M&A Deal Summary

Solomon Systech Acquires Microchip Technology - Mobile Touch Assets

On November 1, 2016, Solomon Systech acquired semiconductors company Microchip Technology - Mobile Touch Assets from Microchip

Acquisition Highlights
  • This is Solomon Systech’s 1st transaction in the Semiconductors sector.
  • This is Solomon Systech’s 1st transaction in the United States.
  • This is Solomon Systech’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-11-01
Target Microchip Technology - Mobile Touch Assets
Sector Semiconductors
Buyer(s) Solomon Systech
Sellers(s) Microchip
Deal Type Divestiture

Target

Microchip Technology - Mobile Touch Assets

Chandler, Arizona, United States
Microchip Technology, Inc. - Mobile Touch Assets is a includes manufacture of semiconductor products like integrated touch and display drivers.

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Buyer(S) 1

Buyer

Solomon Systech

Shatin, China
Category Company
Founded 1999
Sector Semiconductors
Employees382
DESCRIPTION

Solomon Systech (International) Ltd. is a semiconductor company providing display IC products and system solutions on an international basis under its own global brand. Adopting a "fabless" business model, the Group specializes in the design, development and sales of proprietary IC products that enable a wide range of display applications for smartphones, smart TVs and other smart devices including consumer electronics products, wearables, portable devices and industrial appliances.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Microchip

Chandler, Arizona, United States
Category Company
Founded 1989
Sector Semiconductors
Employees22,300
Revenue 7.6B USD (2024)
DESCRIPTION
Entrance to Microchip's corporate headquarters in Chandler, Arizona.
Entrance to Microchip's corporate headquarters in Chandler, Arizona.

Microchip develops, manufactures, and sells specialized semiconductor products used by customers for a wide variety of embedded control applications. Microchip's product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a broad spectrum of high-performance linear, mixed-signal, power management, thermal management, RF, safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial SRAM memories. Microchip was founded in 1989 and is based in Chandler, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Atmel

San Jose, California, United States

Atmel Corp. is a designer and manufacturer of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Atmel provides the electronics industry with solutions focused on industrial, consumer, communications, computing and automotive markets. Atmel Corp. was established in 1984 and is based in San Jose, California.

Buy $3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Microsemi

Chandler, Arizona, United States

Microsemi offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace, and industrial markets. Microsemi was established in 1960 and is based in Chandler, Arizona.

Buy -
Mergr

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