ON ▼ -0.9% - ON Semiconductor Corporation $ON is in talks to acquire 16-Year old, AI power-management startup Ferric for nearly $1B, The Information reports. An agreement could come together in the coming days, though terms are still being negotiated and talks could fall apart. Ferric makes integrated voltage regulators that bring power conversion closer to AI processors. Shortening the electrical path helps reduce energy losses and improve power delivery as chips draw more current. The transaction could include payments tied to performance targets, according to the report. 28-OCT-2026 06:01 AM ET