国芯网·2025-03-07 04:46Core Viewpoint - Allegro Microsystems rejected a $6.9 billion cash acquisition offer from ON Semiconductor, citing the proposal as "inadequate" [1][2]. Group 1: Allegro Microsystems - Allegro's board received the acquisition proposal in February and deemed the offer of $35.10 per share insufficient, following a previous offer of $34.50 per share [2]. - Allegro's latest closing stock price was $26.78 per share, with a total market capitalization of approximately $4.9 billion [2]. - In 2024, Allegro reported sales revenue exceeding $1 billion, reflecting an 8% year-over-year growth, with the latest quarterly revenue at $178 million [2]. Group 2: ON Semiconductor - ON Semiconductor's revenue primarily comes from automotive CMOS image sensors (CIS) and power semiconductors, holding a leading position in the automotive image sensor market with a 50% market share [3]. - In the advanced driver-assistance systems (ADAS) segment, ON Semiconductor commands a significant 68% market share [3]. - The CEO of ON Semiconductor stated that the merger would combine two highly complementary companies [3].