The deal marks another milestone in the consolidation of the global semiconductor industry, as chipmakers stock up on ammunition to supply to an ever-growing Internet of Things, which connects everything from smart speakers to cars with processors.
The sector has seen at least 120 acquisitions with a minimum deal value of $1 billion in the last two decades, according to Refinitiv data.
Below are a few high-value semiconductor deals that took place in the last five years.
** Nvidia Corp agreed to buy UK-based chip designer Arm from Japan's Softbank Group Corp for about $40 billion in September 2020. The deal is waiting for regulatory approval.
** Chip developer Avago Technologies Ltd bought semiconductor giant Broadcom Corp for $37 billion, a deal that was completed in February 2016.
** Softbank Group acquired UK-based chip designer Arm in 2016 for $30.75 billion.
** Analog devices Inc said in July it will buy Maxim Integrated Products Inc for $20.67 billion, a deal that is expected to close in the summer of 2021.
** Toshiba Memory Corp sold its chip unit to investment consortium K.K Pangea for $17.93 billion in September 2017.
** NXP Semiconductors bought Freescale Semiconductors for about $16.1 billion in 2015.
** Intel Corp bought rival Altera Corp for $15.33 billion in 2015.
** Germany's Infineon Technologies completed its $10 billion acquisition of Cypress Semiconductor Corp in April.
(Reporting by Eva Mathews and Munsif Vengattil in Bengaluru, Writing by Subrat Patnaik; Editing by Bernard Orr)
