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On November 3, 2026, ON Semiconductor announced the acquisition of integrated voltage regulator (IVR) vendor Ferric for $600 million in cash, plus up to an additional $175 million contingent on revenue milestones, for a total transaction value of up to $775 million. On the same day, ON Semiconductor raised its 2030 AI data center revenue target by $500 million to more than $3 billion. According to Semiconductor Industry Vertical and Horizontal reports, Ferric's IVR integrates the power controller, power switches, inductor, and capacitor into a single package, reducing board footprint by 50% to 70%; its latest product, the Fe1767 Newport, delivers 145 amps within 49.8 square millimeters at up to 90.5% efficiency. Subsequent reports said ON Semiconductor's third-quarter revenue was $1.722 billion and adjusted earnings per share were $0.90, both above analyst expectations, with data center revenue of $180 million, up 39% quarter-over-quarter and up 175% year-over-year. The transaction has currently been announced, with no further closing progress disclosed.
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Nov 4
Intelligent Manufacturing Network
Unitree Technology to Focus on Robot Brain Technology; ABB and Zhongheng Electric Renew Strategic Cooperation Agreement
Wang Xingxing, founder of Unitree Technology, said before the opening of the 2026 World Internet Conference Wuzhen Summit that the company will focus on robot brain technology, advance physical AI development, and seek cooperation globally. ABB and Hangzhou Zhongheng Electric renewed their strategic cooperation agreement; the two parties will focus on the AIDC and power distribution fields, deepen collaboration on DC power supply and distribution technology, and explore power supply and distribution solutions that meet the needs of next-generation AI computing infrastructure.
Semiconductor Industry Observer
onsemi Q3 Data Center Revenue Up 175% YoY, Acquires Ferric for Up to $775 Million to Bolster AI Power Supply
onsemi reported third-quarter revenue of $1.722 billion and adjusted earnings per share of $0.90, both above analyst expectations, with data center revenue of $180 million, up 39% quarter over quarter and up 175% year over year. The company announced the same day that it will acquire integrated voltage regulator (IVR) maker Ferric for $600 million in cash, plus up to an additional $175 million contingent on revenue milestones, for a total of up to $775 million, while raising its 2030 AI data center revenue target to more than $3 billion.
Nov 3
Semiconductor Industry Watch
onsemi to Acquire Ferric for $600 Million as AI Chip Power Delivery Moves Inside the Package
onsemi announced it will acquire integrated voltage regulator (IVR) vendor Ferric for $600 million in cash, plus up to $175 million in contingent consideration tied to future revenue targets, for a total transaction value of up to $775 million. On the same day, onsemi raised its 2030 AI data center revenue target by $500 million to more than $3 billion. Ferric's IVR integrates the power controller, power switches, inductors and capacitors into a single package, reducing board footprint by 50% to 70%; its latest product, the Fe1767 Newport, delivers 145 amps within 49.8 square millimeters at up to 90.5% efficiency, reducing power delivery network impedance and transient voltage droop by up to 57%.