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ON Semi Completes Acquisition

Phoenix, Arizona-based ON Semiconductor said Wednesday morning that it has completed its acquisition of the voltage regulation and thermal monitoring products for computing applications from Analog Devices, Inc. The deal, which was announced originally in November of 2007, was worth approximately $184M in cash. According to ON Semiconductor, the deal includes assets and intellectual property rights related to the product line, plus amounts payable under a one-year manufacturing supply arrangement with Analod Devices. ON Semiconductor is a manufacturer of power semiconductor devices used in the electronics market.