# onsemi to acquire GT Advanced Technologies for $415M

onsemi has entered into a definitive agreement to acquire GT Advanced Technologies, a producer of silicon carbide, for $415 million in cash.

- Type: Acquisition
- Announced: 2021-08-25
- Where: United States
- Value: $415.0M
- Status: announced
- Products: silicon carbide (SiC) wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [onsemi](https://endata.com/companies/15223.md) (acquirer)
- [GT Advanced Technologies](https://endata.com/companies/41134.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210825005781/en/onsemi-to-Acquire-GT-Advanced-Technologies), 2021-08-25: "This transaction reflects our confidence and stated commitment to meaningfully invest in silicon carbide solutions to support the creation of intelligent power and sensing technologies to help build a sustainable future."
- [miningconnection.com](https://miningconnection.com/longwall/p2940/P6280), 2021-08-30: "onsemi and GT Advanced Technologies (GTAT) have entered into a definitive agreement under which onsemi will acquire GTAT for $415 million in cash."
- [eepower.com](https://eepower.com/news/onsemi-renesas-and-analog-devices-all-announce-and-finalize-acquisitions/), 2021-09-15: "The acquisition of GT Advanced Technologies (GTAT) will now expand onsemi’s silicon carbide capabilities, as well as help the firm meet the increasing needs for electric vehicles (EVs), EV charging and energy infrastructure."

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