# Microchip Technology's acquisition of Microsemi cleared for review by China's MOFCOM

Microchip Technology announced that China's Ministry of Commerce has agreed to review its planned acquisition of Microsemi for USD 8.35 billion. Microchip hopes to complete the deal in June 2018.

- Type: Acquisition
- Announced: 2018-04-24
- Where: United States
- Value: $8.35B
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Microsemi Corp.](https://endata.com/companies/23390.md) (target)
- [Microchip Technology](https://endata.com/companies/23471.md) (acquirer)

## Sources

- [telecompaper.com](https://www.telecompaper.com/news/chinas-ministry-of-commerce-agrees-to-review-microchips-planned-acquisition-of-microsemi--1241451), 2018-04-24: "Microchip hopes to complete the deal in June."
- [reuters.com](https://www.reuters.com/article/microsemi-ma-microchip-tech-idCNL3N1SM5CC/), 2018-05-15: "Microchip Technology Inc said on Tuesday it has received antitrust approval from China to buy rival Microsemi Corp, clearing a major hurdle to the $8.35 billion deal."
- [ir.microchip.com](https://ir.microchip.com/news-events/press-releases/detail/401/microchip-technology-announces-receipt-of-antitrust-clearance-in-taiwan-approval-of-microsemi-shareholders-and-expected-closing-date-of-its-acquisition-of-microsemi), 2018-05-23: "Microchip currently expects that the merger will close on May 29, 2018."
- [gamma.pl](https://gamma.pl/aktualnosci/1072_microchip-technology-oficjalnie-przejmuje-firme-microsemi-corporation.html), 2018-06-07: "Microchip Technology Inc. wiodący producent podzespołów elektronicznych, ogłosił oficjalnie pozytywne zakończenie przejęcia 99,5% akcji firmy Microsemi Corporation, za niebagatelną kwotę szacowaną na ponad 8 miliardów dolarów."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.