Business/press release/2026-11-02

Onsemi to acquire Ferric for $600M and raises 2030 AI data center revenue target

Semiconductor company Onsemi announced its acquisition of Ferric for $600 million in cash. Concurrently, Onsemi stated it is raising its 2030 AI data center revenue target to more than $3 billion, a claim directly from the company. This strategic move aims to bolster Onsemi's position in the AI data center market.

3 articles from 1 outlet covered this story. The underlying claim is sourced from a press release.

What do all outlets agree on?

1 outlet covered “Onsemi to acquire Ferric for $600M and raises 2030 AI data center revenue target”. All of them report the following:

  • Onsemi to acquire Ferric
  • Acquisition price is $600M
  • Payment in cash
  • Onsemi raised its 2030 AI data center revenue target
  • New 2030 AI data center revenue target is over $3B

Which outlets covered this?

All 3 articles found on this story, grouped by the stance of the piece. Every link goes to the original publisher.

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