# Onsemi to acquire Ferric for up to $775 million

ON Semiconductor (Onsemi) announced it will acquire Ferric for $600 million in cash, plus up to $175 million in contingent consideration, to strengthen power delivery for next-generation AI processors.

- Type: Acquisition
- Announced: 2023-05-25
- Value: $600.0M
- Status: announced
- Products: power delivery solutions for AI processors
- 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

- [stockopedia.com](https://www.stockopedia.com/share-prices/on-semiconductor-NSQ:ON/news/brief-onsemi-to-acquire-ferric-establishing-leadership-in-power-delivery-for-next-generation-ai-processors-01a19e54-e7fa-7efa-bbb1-53f4e139c72e/), 2023-05-25: "Onsemi to acquire Ferric, establishing leadership in power delivery for next-generation AI processors."

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