According to CoinMeta, onsemi announced the acquisition of AI, a power chip startup company known as Ferric, for $600 million in cash, with an additional payment of up to $175 million. Ferric produces integrated voltage regulators that power the next generation of AI processors. onsemi also raised its 2030 data center revenue target by $500 million, expecting it to exceed $3 billion, and believes that this acquisition will drive long-term revenue growth, gross margin, and earnings per share.