ON · 8-K · 20261102PR041580
Acquisition / Partnership / Divestiture
ON SEMICONDUCTOR CORP · 2026-11-02 · Importance 81 · Surprise 76 · In source text
onsemi announced an agreement to acquire Ferric, describing the deal as establishing leadership in next-generation AI processor power delivery and raising its 2030 AI data center revenue target by $500 million to greater than $3 billion. The company announced revised terms for its planned Synaptics acquisition: approximately $5.7 billion in cash, replacing the prior agreement for $7 billion in stock, and said the revised transaction should be immediately accretive to non-GAAP EPS. Q3 cash-flow disclosures included $31.7 million of net proceeds from business divestitures and a $3.1 million gain on a divestiture. The release did not provide a purchase price or closing date for Ferric.
Key facts
- onsemi announced revised terms for its planned Synaptics acquisition: approximately $5.7 billion in cash instead of $7 billion in stock under the prior agreement; the transaction should be immediately accretive to non-GAAP EPS. source
- onsemi announced an agreement to acquire Ferric, establishing onsemi as a leader in next-generation AI processor power delivery. source
- onsemi entered a strategic technology engagement with Subaru for early access to its newly introduced Embedded Power Platform (EPP). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | onsemi announced revised terms for its planned Synaptics acquisition: approximately $5.7 billion in cash instead of $7 billion in stock… |
| net_income | positive | probable | — | onsemi announced revised terms for its planned Synaptics acquisition: approximately $5.7 billion in cash instead of $7 billion in stock… |