Ferric

Chipmaker Onsemi has agreed to acquire Ferric, a specialist in integrated power delivery technology, for US$600 million in cash, with up to US$175 million more in contingent payments tied to revenue milestones. The deal, announced November 2, 2026, signals Onsemi's push to strengthen its power management portfolio as demand grows from AI data centers and automotive markets.

Semiconductor maker onsemi is investing $600 million in Ferric, a startup working on power delivery technology for AI chips. The deal signals onsemi's push into the fast-growing market for powering energy-hungry AI data center processors, as chipmakers race to secure positions in the AI infrastructure supply chain.