ON Completes Buy of Quantenna, Rolls Business Into Analog Solutions Unit

ON Semiconductor completed its Quantenna Communications cash buy with an equity value of $1.07 billion, it said Wednesday. Quantenna’s Wi-Fi technologies and ON's power and analog semiconductors creates "a formidable platform" for connectivity in industrial, automotive and carrier markets, said ON Semiconductor CEO Keith Jackson. ON announced the plan to buy Quantenna in March (see 1903280049) and antitrust authorities cleared the acquisition in April (see 1904230053). Quantenna will be integrated into ON's analog solutions group, headed by general manager Vince Hopkin.