onsemi Expands Power Semiconductor Portfolio with Acquisition
onsemi Completes Strategic Acquisition
onsemi (Nasdaq: ON) has successfully acquired Qorvo’s Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology portfolio for $115 million in cash. This acquisition marks a significant step in onsemi's ongoing commitment to delivering advanced power solutions.
Enhancing Power Technology
The integration of SiC JFET technology into onsemi’s existing EliteSiC power portfolio is a game-changer. It is set to fulfill the increasing demand for energy efficiency and enhanced power density, especially within AI data centers. SiC JFETs streamline existing electrical systems by reducing the number of components needed, making them particularly advantageous for electric vehicle applications. By employing solid-state switches based on SiC JFETs, vehicle manufacturers can enhance efficiency and safety by replacing multiple components in battery disconnect units and industrial energy storage systems.
Application in Electric Vehicles
The automotive sector stands to gain a lot from this acquisition. SiC JFETs are ideal for electric vehicles (EVs), as they improve operational efficiency and safety. By minimizing weight and maximizing power delivery efficiency, onsemi expects that its enhanced product lineup will cater to the growing market of electric vehicles, ensuring safer and more reliable power solutions.
Industrial Benefits
In industrial markets, the introduction of SiC JFETs will enable innovative energy storage solutions and robust solid-state circuit breakers. This technology supports various applications, helping industries transition to more energy-efficient practices, ultimately leading to lower energy costs and improved operational performance.
Leadership Statement
Simon Keeton, group president and general manager of the Power Solutions Group at onsemi, emphasized the importance of this acquisition: “This acquisition further strengthens onsemi’s leadership in power semiconductors, providing our customers with market-leading technologies to solve efficiency and power density issues across numerous sectors, including AI data centers, automotive, and industrial markets.”
About onsemi
onsemi is dedicated to driving innovative solutions that shape a better tomorrow. The company focuses on contributing to significant industry trends such as vehicle electrification, sustainable energy grids, industrial automation, and the development of 5G and cloud infrastructure. With a diverse and innovative product portfolio, onsemi aims to solve some of the world's most complex challenges, striving toward a cleaner and smarter global landscape. Recognized as a Fortune 500 company, onsemi is also a member of the Nasdaq-100 Index and the S&P 500 index.
Frequently Asked Questions
What technology did onsemi acquire from Qorvo?
onsemi acquired Qorvo's Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology portfolio, enhancing its power semiconductor capabilities.
How much did onsemi pay for the acquisition?
onsemi completed the acquisition for a sum of $115 million in cash.
What are the applications of SiC JFET technology?
SiC JFET technology is primarily used in applications related to electric vehicles, AI data centers, and industrial energy solutions, improving efficiency and performance.
What did Simon Keeton say about the acquisition?
Simon Keeton highlighted that this acquisition strengthens onsemi's power semiconductor leadership and enhances their offerings to solve pressing industry efficiency challenges.
What markets are impacted by onsemi's new technology?
The new technology impacts automotive, industrial, and AI data center markets, addressing demands for energy efficiency and power density.
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