ON Semiconductor ( (ON) ) has issued an update.
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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.
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