Arizona company Microchip Technology is set to acquire Japan - based Microsemi Corporation for around $ 8.35bn in the latest consolidation in the industry . The purchase would enable Microchip to expand its presence in the aerospace and defence sectors , which currently make up around 30 % of annual sales , while solidifying Intel 's presence in computing and communications , which were responsible for less than 15 % of full - year sales . The company said it now expects adjusted earnings per share for the quarter to be at between $1.32 and $1.37, compared with $1.30 to $1.39 per share previously. Shares in both companies increased by around 5 % , and the deal is set to close in Q2 . Singapore - based Broadcom recently announced a $ 117bn bid to acquire US rival Qualcomm .
Arizona company Microchip Technology is set to acquire Japan - based Microsemi Corporation for around $ 8.35bn in the latest consolidation in the industry . The purchase would enable Microchip to expand its presence in the aerospace and defence sectors , which currently make up around 30 % of annual sales , while solidifying Intel 's presence in computing and communications , which were responsible for less than 15 % of full - year sales . Shares in both companies increased by around 5 % , and the deal is set to close in Q2 . Singapore - based Broadcom recently announced a $ 117bn bid to acquire US rival Qualcomm .