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onsemi to acquire Ferric for up to $775 million to expand AI power business
Filed with the SEC on · Summarized by InvestorsBot
On November 2, 2026, onsemi agreed to acquire Ferric for $600 million in cash at closing, plus up to $175 million tied to revenue milestones, funded with cash on hand; the deal is expected to close by the end of 2026 and add about 50 employees. Onsemi said the acquisition will raise its 2030 AI data center revenue target by $500 million to more than $3 billion, although it expects no meaningful near-term financial impact.