ON Semiconductor to Acquire Fairchild Semiconductor for $2.4B in Cash

It&#x27;s an interesting combination. ON would become the predominant manufacturer of discretes. There&#x27;s still competition at IR, Vishay and Infineon (and ST if you can get past their horrible datasheets). But it doesn&#x27;t really add to their portfolio, just takes away a competitor.<p>I haven&#x27;t done the math but it doesn&#x27;t seem like a great deal or a good plan.

First, National Semiconductor buys Fairchild Semiconductor, then spits then out before they are acquired by TI, now On Semiconductor wants to work them over. These mergers and acquisitions tell me that the epoch of non-linear growth is over in the semiconductor industry.