ON Semiconductor: Onsemi withdraws $6.9 billion bid for Allegro MicroSystems
On Semiconductor has withdrawn a $6.9 billion bid for Allegro MicroSystems, ending the Scottsdale semiconductor product manufacturer's effort over several months to acquire its New Hampshire-based rival.
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onsemi is an Arizona-based semiconductor company that develops and manufactures amplifiers, comparators and microcontrollers for industrial applications.
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