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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.
onsemi has agreed to acquire Ferric, an innovator in integrated voltage regulator technology, for $600 million in cash plus up to $175 million in contingent consideration. The acquisition aims to strengthen onsemi's power delivery portfolio for AI processors.