Brief: Onsemi To Acquire Ferric, Establishing Leadership In Power Delivery For Next-Generation AI Processors
Mon 22:11
BRIEF-Onsemi To Acquire Ferric, Establishing Leadership In Power Delivery For Next-Generation AI Processors Nov 2 (Reuters) - ON Semiconductor Corp ON.O:
ONSEMI TO ACQUIRE FERRIC, ESTABLISHING LEADERSHIP IN POWER DELIVERY FOR NEXT-GENERATION AI PROCESSORS
ONSEMI: PROPOSED DEAL FOR FOR $600 MILLION IN CASH, PLUS UP TO $175 MILLION IN CONTINGENT CONSIDERATION UPON
ONSEMI: RAISES ONSEMI'S 2030 AI DATA CENTER REVENUE TARGET BY $500 MILLION TO GREATER THAN $3 BILLION
ONSEMI: DEAL EXPECTED TO BE ACCRETIVE TO ONSEMI’S LONG-TERM REVENUE GROWTH, GROSS MARGIN, AND EPS TARGETS AT SCALE
Source text: ID:nGNXbh8yy3
Further company coverage: ON.O
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Onsemi To Acquire Ferric, Establishing Leadership In Power Delivery For Next-Generation AI Processors