One of the most well-established players in the semiconductor industry is making moves.
Analog Devices (or ADI), the global semiconductor company best known for its data conversion and signal processing technology, is making waves in the electronics world, announcing today its acquisition of Linear Technology in a $14.8 billion move. The combined companies will have revenue in the neighborhood of $5 billion annually.
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Linear Technology, based out of Milpitas, Cali., manufactures a massive line of high performance integrated circuits. The combination of ADI — one of the most tenured companies in the industry — and Linear Tech will provide Analog Devices with a unique offering of data converters and power control products.
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The cash and stock deal includes a payment from ADI of $60 per share for Linear Tech, which is a 24% premium over Linear’s closing price on Monday. This acquisition marks the latest in a number of mergers and acquisitions in the semiconductor space, following in the footsteps of deals by major players such as Microchip (who recently acquired Atmel).
Arrow stocks hundreds of both Linear Tech products and Analog Devices products. Stay tuned as we will provide further updates on how this acquisition unfolds.