onsemi Completes Acquisition to Boost Semiconductor Position

onsemi strengthens its market presence with a $115M acquisition. This strategic move enhances their energy-efficient offerings for AI data centers and various sectors.

Date: 15-01-2025

AI Rating: 7

Acquisition Highlights
Onsemi (ON) completed the acquisition of Silicon Carbide Junction Field-Effect Transistor business from Qorvo, which reinforces its foothold in the power semiconductor market. This move is expected to improve the company’s technical capabilities and product offerings significantly.

Market Implications
The addition of SiC JFET technology signals onsemi's commitment to innovation and energy efficiency, crucial for meeting rising demands in sectors like automotive, industrial, and data centers. By integrating these technologies, onsemi aims to enhance power supply solutions specifically for AI applications, appealing to a rapidly growing market.

The acquisition is aligned with onsemi's strategic vision to deliver advanced energy-efficient solutions and could lead to greater market share and revenue growth in the semiconductor space.

Stocks: ON