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South Korea's government announced it will spend $176.8 billion to support and modernize its domestic automotive semiconductor industry.
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GlobalWafers has agreed to purchase Siltronic for $4.5 billion in a deal intended to close in the first half of 2021.
Yageo Corporation will acquire KEMET in a definitive deal set to close in the second half of 2020. Yageo and KEMET will have a mutual market share of about $3 billion.
Pancon corporation will shut down their California and Massachusetts factories. In response, TE Connectivity and Adam Tech provide component crosses to assist current customers.