OnSemi had TPG as a majority shareholder for like 5 years and did very well out of it. Initially TPG ruthlessly focused on costs but eventually that allowed On

OnSemi had TPG as a majority shareholder for like 5 years and did very well out of it. Initially TPG ruthlessly focused on costs but eventually that allowed OnSemi to go on an acquisition spree, picking up LSI’s fabs in Gresham and another company I can’t remember.