Onsemi Reportedly in Talks to Buy AI Power Chip Startup Ferric for About $1 Billion

The Information reported that Onsemi is negotiating to acquire Ferric, a New York company that makes power-management chips for AI hardware, in a deal valued at nearly $1 billion. The target builds integrated voltage regulators meant for the extreme power delivery demands of AI accelerators. Onsemi has not confirmed the talks, and advanced negotiations can still fall apart. Ferric is a 16-year-old startup that last raised a $32.1 million Series C in December 2024, so the reported price would be a large step up. The deal would give Onsemi in-house voltage regulation technology as accelerator power budgets rise. For founders building hardware or inference systems, the deal is a reminder that power delivery is a design constraint worth planning for. Teams sourcing accelerators should watch whether power components consolidate around a few large suppliers.