Onsemi Raises 2030 AI Data Center Revenue Target to More Than $3 Billion

Bitget2026/11/02 21:10

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

onsemi raised its 2030 AI data center revenue target by $500 million to more than $3 billion following its agreement to acquire Ferric.
Integrated voltage regulator revenue is expected to deliver accelerated growth for multiple years thereafter.
The acquisition carries a $600 million cash price, with up to $175 million in additional payments tied to revenue milestones.
Closing is expected by the end of 2026, funded with cash on hand.
Expected to boost long-term revenue growth, gross margin and EPS at scale, with no meaningful near-term financial impact.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ON Semiconductor Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611021605OMX_____CNEWS_EN_GNW9868363_en) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Onsemi Raises 2030 AI Data Center Revenue Target to More Than $3 Billion

You may also like

Crypto prices