October 5, 2016

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that ON Semiconductor Corporation’s $2.4 billion acquisition of Fairchild Semiconductor International, Inc. is likely anticompetitive. Under the order, first announced in August 2016, the companies are required to sell ON’s Ignition IGBT business to Chicago-based manufacturer Littelfuse, Inc. within 10 days of the close of the transaction. FTC

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