ON Semiconductor ( (ON) ) has issued an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
onsemi is set to acquire the Silicon Carbide JFET technology business from Qorvo for $115 million, enhancing its power solutions for AI data centers and emerging markets like EV battery disconnects. This acquisition, expected to close in early 2025, aims to boost onsemi’s market opportunity by $1.3 billion within five years by leveraging SiC JFETs for their energy efficiency and cost-effectiveness. This move aligns with onsemi’s strategy to improve energy efficiency and power density, crucial for modern AI workloads.
Learn more about ON stock on TipRanks’ Stock Analysis page.