On Semiconductor (ON) Acquires Vcore Tech to Strengthen AI Power Management Portfolio

On Semiconductor Corporation (NASDAQ:ON) ranks among the best cheap semiconductor stocks to buy. On September 23, On Semiconductor Corporation (NASDAQ:ON) announced that it had agreed on a deal to acquire the rights to Vcore power technologies and its related intellectual property licensing from Aura Semiconductor. Onsemi’s power management portfolio is set to be improved by the acquisition, especially for AI data center applications.

According to the company, the acquisition will become profitable after the first fiscal year after completion and will have little effect on its GAAP and non-GAAP earnings per share before that.

On Semiconductor Corporation (NASDAQ:ON) specifically aims to improve its position in the solid-state transformer, power supply unit, and core power delivery markets. The integration will allow it to provide AI infrastructure solutions with enhanced power density, productivity, and thermal performance.

On Semiconductor Corporation (NASDAQ:ON) is a designer, producer, and supplier of semiconductor products and solutions. The company’s operations are separated into three segments: Power Solutions Group (PSG), Analog and Mixed-Signal Group (AMG), and Intelligent Sensing Group.

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Disclosure: None. This article is originally published at Insider Monkey.