NORWOOD, Mass., 3 Jan. 2008.Analog Devices Inc. (ADI) in Norwood, Mass., completed the sale of its CPU voltage regulation and PC thermal monitoring business to ON Semiconductor Corp. in Phoenix. The sale was announced last November.
The sale is part of ADI's continuing switch of its power-management operations to high-performance products that complement the company's signal-processing solutions for industrial, medical, and scientific instrumentation, as well as communications infrastructure and consumer electronics.
The total cash consideration of about $184 million paid to ADI includes the purchase price as well as amounts paid under a one-year manufacturing supply agreement with ON Semiconductor.
ADI will record a one-time gain in the first quarter of fiscal year 2008 related to this transaction. In addition, beginning in the first quarter of fiscal year 2008 ADI will account for the divested operations. For more information contact Analog Devices online at www.analog.com.
