ON Semiconductor, one of the biggest semiconductor companies in the US, is only steps away from acquiring Fairchild for $2.4 billion in cash! When the acquisition process finishes, it will create a new leader in the power segment of the semiconductor market. 
It must be noted that Fairchild makes semiconductors which regulate power in electronics, chips for cars and electrical signal converters. As Keith Jackson, CEO of ON Semiconductor stated: “The combination of ON Semiconductor and Fairchild creates a power semiconductor leader with strong capabilities in a rapidly consolidating semiconductor industry. We plan to bring together two companies with complementary product lines in order for us to offer customers with the full spectrum of high, medium and low voltage products!”.
