Beijing time late 18, Semiconductor manufacturing company (ON Semiconductor) announced ON Wednesday that will be $2.4 billion in cash for Fairchild Semiconductor International company (Fairchild Semiconductor International). This is the latest of the rapid integration of semiconductor industry mergers and acquisitions.

Under the terms of the deal, manufacturing will have to pay $20 for fairchild per share, is the stock premium over nearly 12% on Tuesday. The merged company annual revenue of about $5 billion.

With numerous technology companies seeking product portfolio diversification, and meet the market demand for cheap chip, the global semiconductor industry is unleashed a wave of mergers and acquisitions, mergers and acquisitions so far this year, total more than $100 billion.

The deal is expected to be completed in the second quarter of next year. Ansion beauty, said the deal will help it expand power semiconductors