Chipmaker Onsemi halts $6.9b bid to acquire Allegro MicroSystems

If you're seeing this message, that means JavaScript has been disabled on your browser.Please enable JavaScript to make this website work.

NewsPremium

👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Add TIA as a preferred source

Onsemi has withdrawn its bid to acquire Allegro MicroSystems, which was priced at US$35.10 per share.

The company announced this decision on April 14, 2025, citing a lack of a feasible path forward for the deal.

The proposed acquisition, revealed in March 2025, valued Allegro at US$6.9 billion, including debt.

This followed a previous offer of US$34.50 per share made in September 2024.

Following the announcement, Allegro’s stock fell by over 6%, reaching US$20.58 in after-hours trading.

🔗 Source: Bloomberg

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies: