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 .
Arizona company Microchip Technology is set to acquire California-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 2% of annual sales, while solidifying Microchip's presence in computing and communications, which were responsible for less than 15% of full-year sales. Shares in both companies rose 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.