Onsemi in Talks to Acquire 16-Year-Old AI Chip Power Startup Ferric for About $1B
Summary
The Information reports Onsemi is in talks to acquire 16-year-old chip startup Ferric for close to $1 billion, with the structure possibly including performance-based payments and a close in the coming days. Ferric last raised a $32.1M Series C in December 2024; the deal would hand Onsemi integrated voltage-regulator technology aimed at the extreme power delivery demands of AI accelerators.
Originally reported by theinformation.com
Read the original article →Original headline: Onsemi in Talks to Acquire 16-Year-Old AI Chip Power Startup Ferric for About $1B