onsemi to Acquire Silicon Carbide JFET Technology from Qorvo to Enhance Its Power Portfolio for AI Data Centers
Acquiring Company
ON Semiconductor Corporation
Acquired Company
Qorvo®
ScottsdaleGreensboroManufacturingEnergyRenewable EnergySolarAutomotiveElectronicsManufacturingAutomotiveSemiconductor ManufacturingDescription
onsemi (Nasdaq: ON) has entered into an agreement to acquire the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash. This acquisition will complement onsemi’s extensive EliteSiC power portfolio and enable the company to address the need for high energy efficiency and power density in the AC-DC stage in power supply units for AI data centers. Additionally, the move will accelerate onsemi’s readiness for emerging markets such as EV battery disconnects and solid-state circuit breakers (SSCBs).
Quick answer
ON Semiconductor Corporation is acquiring Qorvo®, announced December 10, 2024. ON Semiconductor Corporation is based in Scottsdale, Arizona, United States.
- How much did ON Semiconductor Corporation pay for Qorvo®?
- The deal value was not disclosed.
- What does ON Semiconductor Corporation do?
- ON Semiconductor Corporation is a global leader in semiconductor solutions with a focus on energy-efficient products.
- Where are ON Semiconductor Corporation and Qorvo® based?
- ON Semiconductor Corporation is based in Scottsdale, Arizona, United States. Qorvo® is based in Greensboro, North Carolina, United States.
- Who are the decision-makers at ON Semiconductor Corporation?
- Fundz holds 1 contact at ON Semiconductor Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Qorvo®?
Qorvo® was acquired by ON Semiconductor Corporation, based in Scottsdale. The deal was reported on December 10, 2024. ON Semiconductor Corporation is a global leader in semiconductor solutions with a focus on energy-efficient products. ON Semiconductor Corporation is publicly traded (ON) and operates in Manufacturing.
When did ON Semiconductor Corporation acquire Qorvo®?
ON Semiconductor Corporation's acquisition of Qorvo® was reported on December 10, 2024. onsemi (Nasdaq: ON) has entered into an agreement to acquire the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Qorvo® do?
It is privately held, operating in Manufacturing, and is based in Greensboro.
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