ON · 8-K · 20261102PR443681

Acquisition / Partnership / Divestiture

ON SEMICONDUCTOR CORP · 2026-11-02 · Importance 71 · Surprise 60 · In source text

onsemi agreed to acquire Ferric, Inc. for $600 million in cash at closing, plus up to $175 million in cash contingent on revenue milestones. The transaction will be funded with cash on hand and is expected to close by the end of 2026, subject to customary closing conditions. Approximately 50 Ferric employees, primarily in New York and Silicon Valley, are expected to join onsemi. At scale, the acquisition is expected to be accretive to onsemi’s long-term revenue growth and gross-margin targets, with no meaningful near-term financial impact expected.

Key facts

• ON Semiconductor will pay $600 million in cash at closing to acquire Ferric, plus up to $175 million in contingent consideration tied to revenue milestones. source
• ON Semiconductor entered into an agreement to acquire Ferric, Inc. source
• The Ferric acquisition is expected to close by the end of 2026, subject to customary closing conditions. source
• Approximately 50 Ferric employees, primarily located in New York and Silicon Valley, are expected to join ON Semiconductor. source
• ON Semiconductor will fund the Ferric acquisition with cash on hand. source

Impact estimates