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Chipmaker ON Semiconductor to buy Aptina Imaging for $400 million
June 9, 2014 / 9:36 PM / 3 years ago

Chipmaker ON Semiconductor to buy Aptina Imaging for $400 million

(Reuters) - ON Semiconductor Corp ONNN.O, a maker of power-management chips, said it would buy Aptina Imaging for about $400 million in cash to accelerate its growth in the automotive and industrial markets.

Shares of ON Semiconductor rose a little over 2 percent to $9.18 in extended trading on Monday.

ON Semiconductor said it expects the deal to immediately add to earnings.

Reporting By Sampad Patnaik in Bangalore; Editing by Savio D'Souza

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