US Clears ON Semiconductor’s $1.07B Quantenna Communications Buy

April 24, 2019 |Consumer Electronics

Antitrust authorities cleared the way for ON Semiconductor to buy Wi-Fi solutions provider Quantenna Communications, said an FTC early termination notice dated Monday and released Tuesday, ending the $1.07 billion deal's Hart-Scott-Rodino waiting period. ON announced the transaction last month, saying it would enable the combined company to enter the automotive and industrial low-power connectivity market.