Onsemi ($ON) signs agreement to acquire Fairchild for up to KRW 1.0413 trillion

onsemi ($ON) agreed to acquire integrated voltage regulator developer Ferric for up to $775 million, comprising $600 million in cash at closing and up to $175 million in earnouts tied to revenue targets, per a merger agreement disclosed with the SEC. The deal is not yet closed, and the base consideration remains subject to adjustments for Ferric's cash, debt, transaction costs and working capital, while the earnout portion is contingent rather than guaranteed. The acquisition would fold Ferric's IVR technology into onsemi's power management portfolio, expanding its reach into voltage regulation for high-performance computing and data center applications. Terms of the negotiation were earlier reported by The Information. Next, watch for regulatory clearance and the completion timeline, plus any disclosure on Ferric's revenue base that would indicate how achievable the earnout targets are.