Can ON's JFET Acquisition Change the Stock's Fate or is it a Risky Bet?

On Semiconductor (ON) recently announced its agreement to acquire the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo (QRVO) for $115 million in cash. The acquisition from Qorvo enhances ON’s EliteSiC power portfolio, enabling the company to meet the growing demand for high energy efficiency and power density in AC-DC power supply units for AI data centers. The move also positions ON to accelerate its readiness for ...