Form 8-K · Current report
ON Semiconductor 8-K, filed Nov 2, 2026
- Filed
- CIK
- 0001097864
- Accession no.
- 0001193125-26-443681
Summary
ON Semiconductor agreed to acquire Ferric, Inc. for $600 million in cash plus up to $175 million in contingent consideration tied to revenue milestones. The deal is expected to close in the fourth quarter of 2026, subject to antitrust clearance and customary conditions, and ON Semiconductor raised its 2030 AI data center revenue target to greater than $3 billion.
Key points
- ON Semiconductor agreed to acquire Ferric, Inc. for $600 million in cash, plus up to $175 million in contingent consideration tied to revenue milestones.
- Ferric develops integrated voltage regulator (IVR) technology; about 50 Ferric employees, primarily in New York and Silicon Valley, are expected to join ON Semiconductor.
- The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions including expiration or early termination of the Hart-Scott-Rodino waiting period.
- ON Semiconductor raised its 2030 AI data center revenue target by $500 million to greater than $3 billion.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. On November 2, 2026, Semiconductor Components Industries, LLC (the “Purchaser”), a Delaware limited liability company and wholly-owned subsidiary of ON Semiconductor Corporation, a Delaware corporation (“onsemi”), entered in an Agreement and Plan of Merger (the “Merger Agreement”) by and between Purchaser, Forge Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Purchaser (“Merger Sub”), Ferric, Inc., a Delaware corporation (“Ferric”) and, solely in its capacity as Stockholder Representative, Shareholder Representative Services LLC, a Colorado limited liability company. …
An excerpt of the text as filed with the SEC, cut for length.
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