Onsemi raises 2030 AI data center revenue target to more than $3 billion
ON•Onsemi raised its 2030 AI data center revenue target by $500 million to more than $3 billion after agreeing to acquire Ferric for $600 million in cash, with up to $175 million in additional revenue-milestone payments.
1. Higher revenue target
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.
2. Acquisition terms
The deal 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 and will be funded with cash on hand. The acquisition is expected to boost long-term revenue growth, gross margin and EPS at scale, with no meaningful near-term financial impact.
