# 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.

- Type: Acquisition
- Announced: 2026-11-02
- Where: United States
- Value: $775.0M
- Status: announced
- Products: integrated voltage regulator technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Ferric](https://endata.com/companies/15224.md) (target)
- [ON Semiconductor](https://endata.com/companies/15226.md) (acquirer)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/ON/8-k-on-semiconductor-corp-reports-material-event-0efe05ad8120.html), 2026-11-02: "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."
- [kalkinemedia.com](https://kalkinemedia.com/us/news/announcements/onsemi-announces-775m-acquisition-deal-for-ferric-including-175m-revenue-milestones), 2026-11-02: "Onsemi Announces $775M Acquisition Deal for Ferric, Including $175M Revenue Milestones"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.