ON Semiconductor (ON) said Wednesday that it has completed its acquisition of Qorvo's Silicon Carbide Junction Field-Effect Transistor technology business for $115 million in cash.
The company said it expects the acquired business to support its power portfolio.
Shares of ON were up 2.7% in recent Wednesday premarket activity.
Price: 56.52, Change: +1.34, Percent Change: +2.65
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