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ON Semiconductor to Buy Image Sensor Unit

ON Semiconductor has announced it will buy the image sensor unit of Cypress Semiconductor Corp for $32.4 million.

The acquisition will expand ON's product image sensor offerings across several end markets. Cypress' sensor portfolio includes a broad range of customer and standard CMOS image sensors, which are used in digital photography, bar code imaging, medical x-rays, and other applications.

ON Semiconductor, based in Phoenix, supplies high-performance chips for energy efficient electronics. ON recently purchased Sanyo Semiconductor.