M&A
confidence high
sentiment positive
materiality 0.70
onsemi to acquire Qorvo's SiC JFET business for $115M, adding $1.3B market opportunity
ON SEMICONDUCTOR CORP
- Acquires SiC JFET technology and United Silicon Carbide subsidiary from Qorvo for $115M cash.
- Expected to close in Q1 2025, subject to customary conditions.
- Deal expands onsemi's market opportunity by $1.3B within 5 years, targeting AI data centers and EVs.
- SiC JFETs offer lowest on-resistance per chip area, less than half of any other technology.
- Complements onsemi's EliteSiC portfolio; technology enables high efficiency in AC-DC stage of power supplies.