News: Taiwan Semiconductor Acquires Fairchild TVS Portfolio from ON Semiconductor
Taipei, Taiwan — June 26, 2018 — Taiwan Semiconductor (TPEX: 5425.TWO) today announces a definitive agreement to acquire the Fairchild Semiconductor product line of transient voltage suppressor (“TVS”) Diodes from ON Semiconductor for up to $ 7.1 million, subject to customary adjustments. Through this transaction, Taiwan Semiconductor assumes ownership of the Fairchild TVS Diode product line, and obtains the rights to a non-exclusive license to use the Fairchild trademark for these TVS products for up to 30 months, subject to certain terms and conditions.
“We can see this acquisition presents tremendous opportunities for our partners and customer base," said Arthur Wang, CEO of Taiwan Semiconductor. “It aligns with Taiwan Semiconductor’s strategy to expand across power semiconductor applications while strengthening our core circuit protection business and increasing our presence in the Automotive and Industrial electronics markets. We are pleased to create a broader and more competitive product offering for our customers."
For 40 years discrete power semiconductor and circuit protection devices have been the focus of Taiwan Semiconductor. The acquisition of the Fairchild Semiconductor TVS Diode product line is an excellent strategic fit, driving additional synergies in TSC’s world class discrete semiconductor manufacturing operations and improving the ability to better service its customers’ complete needs for power conversion and circuit protection devices.
About Taiwan Semiconductor Founded in 1979 at Taipei, Taiwan, Taiwan Semiconductor Co., Ltd. (TSC) has been recognized for its core competence in Power Discretes and circuit protection devices. TSC products are used in a vast array of applications in the electronics industry, including automotive, computer, consumer, industrial, telecom and photovoltaic. TSC’s production facilities are fully compliant to current automotive and environmental standards such as IATF16949, ISO9001 and ISO14001. TSC is committed to being the right choice for a successful and lasting business relationship. For more information, please visit the TSC website: www.taiwansemi.com.