9/103 sources · 2 publishersUpdated Nov 4, 05:02 UTC
Onsemi agrees to acquire Ferric for $600M, with up to $175M performance payment
Onsemi announced on November 2 that it will acquire chip startup Ferric for $600M in cash, with up to $175M tied to performance. The transaction is intended to expand Onsemi’s AI data-center product portfolio. Onsemi is targeting more than $3B in AI data-center revenue by 2030.
Why it matters
The acquisition gives Onsemi Ferric’s technology and expands its exposure to AI data-center demand. The company’s stated target of more than $3B in AI data-center revenue by 2030 provides a longer-term measure of the deal’s strategic objective.
Key facts
- 1Onsemi agreed to pay $600M in cash for Ferric. abc15.com
- 2The deal includes up to $175M in additional consideration based on revenue milestones. abc15.com
- 3Onsemi is targeting more than $3B in AI data-center revenue by 2030. seekingalpha.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.