Onsemi to buy Ferric for US$600M to strengthen AI processor power delivery

Onsemi has agreed to acquire Ferric, Inc., a developer of integrated voltage regulator (IVR) technology, for US$600 million in cash plus up to US$175 million in contingent consideration tied to revenue milestones, the company announced on November 2, 2026. Alongside the deal, Onsemi raised its 2030 AI data center revenue target by US$500 million to more than US$3 billion.