Update
Onsemi Negotiating Acquisition of Ferric for Nearly $1 Billion
Chipmaker Onsemi is reportedly in talks to acquire Ferric, a New York-based startup that builds power-management chips for AI hardware. The deal, valued at nearly $1 billion, is expected to enhance Onsemi's AI power management capabilities. Ferric specializes in integrated voltage regulators and thin-film magnetic inductor technology, targeting the AI, data center, and automotive applications market with a total addressable market of $10 billion.