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onsemi raises AI target after Ferric deal expands power ambitions
8:15am on Tuesday 3rd of November, 2026 AEDT
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Semiconductors
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onsemi raises AI target after Ferric deal expands power ambitions
8:15am on Tuesday 3rd of November, 2026 AEDT
Key Points
AI data centre revenue up 175% year over year in Q3
2030 AI data centre target raised by US$500 million
Ferric acquisition priced at US$600 million upfront plus up to US$175 million
Q3 revenue rose 11% to US$1.72 billion
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