ON Semiconductor to acquire Ferric for up to $775M

ON Semiconductor (onsemi) agreed to acquire Ferric, Inc. for $600 million in cash at closing plus up to $175 million in revenue-milestone payments. The deal is expected to close by the end of 2026.

“The transaction also includes up to $175.0 million in revenue-milestone cash, while onsemi’s 2030 AI data center revenue target is now greater than $3 billion.”stocktitan.net

• 2 sources
• stocktitan.netA $500M increase in its 2030 AI data center revenue target accompanies ON Semiconductor (ON)'s Ferric deal.Nov 2, 2026
• kalkinemedia.comOnsemi Announces $775M Acquisition Deal for Ferric, Including $175M Revenue MilestonesNov 2, 2026

Summarized from public sources; check the original articles before acting on it.