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onsemi to acquire GT Advanced Technologies for USD415 million

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Acquisition, divestment & Spinoff

onsemi intends to invest in GTAT's R&D efforts to advance 150mm and 200mm SiC crystal growth technology

According to an official press release dated 26 August, onsemi and GT Advanced Technologies, a producer of silicon carbide (SiC), announced the signing of a definitive agreement in which onsemi will acquire GTAT for USD415 million in cash.

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