Onsemi Talks to Acquire Ferric for Nearly $1 Billion
AI summary
Onsemi has discussed acquiring Ferric for close to $1 billion, according to people familiar with the matter cited by The Information. The talks remain incomplete, and the transaction structure is unclear, though payments tied to Ferric's performance targets are possible. The discussions follow Analog Devices' May agreement to acquire Empower Semiconductor for $1.5 billion, highlighting demand for power-management technology used by AI chips.
In-depth insight
A potential deal of this size, alongside Analog Devices' Empower Semiconductor acquisition, underscores strategic interest in technology for managing the energy demands of AI chips.
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