ON Semiconductor has completed the acquisition of California-based Cypress Semiconductor Corp's image-sensor business, it has been confirmed.
As a result of the acquisition, Phoenix-based ON has become one of the top ten image-sensor suppliers worldwide, AZ Central reports.
The companies first announced the all-cash deal at the end of January.
Last week, ON Semiconductor announced the appointment of Hans Stork to the position of chief technology officer (CTO) and senior vice president.
The supplier of high performance silicon solutions for energy efficient electronics said that it will focus its organic research and development and technical innovation to further expand the company's energy efficient product and solution offerings in key market segments.
"Innovative technology is a distinguishing factor for semiconductor suppliers in today's highly competitive marketplace," commented Keith Jackson, ON Semiconductor president and chief executive.