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FTC Approves Final Order Preserving Competition in Market for Insulated-Gate Bipolar Transistors Used in Automotive Ignition Systems

Agency: Federal Trade Commission Date: 5 October 2016

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that ON Semiconductor Corporation’s $2.4 billion acquisition of Fairchild Semiconductor International, Inc. is likely anticompetitive.

Under the order, first announced in August 2016, the companies are required to sell ON’s Ignition IGBT business to Chicago-based manufacturer Littelfuse, Inc. within 10 days of the close of the transaction.

The Commission vote approving the final order was 3-0. (FTC File No. 161 0061; the staff contact is Llewellyn Davis, Bureau of Competition, 202-326-3394)

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.

MEDIA CONTACT:
Betsy Lordan
Office of Public Affairs
202-326-3707