onsemi to Acquire Ferric for $600 Million Plus Up to $175 Million
Filed with the SEC on · Summarized by InvestorsBot
onsemi has agreed to acquire Ferric, an integrated voltage regulator technology company, for $600 million in cash at closing plus up to $175 million tied to revenue milestones. The deal is intended to strengthen onsemi’s power-delivery position for next-generation AI processors and raise its 2030 AI data center revenue target by $500 million to more than $3 billion; closing is expected by the end of 2026, subject to customary conditions.