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

Core Insights - On Semiconductor Corporation (NASDAQ:ON) is recognized as one of the best affordable semiconductor stocks to invest in, particularly following its recent acquisition of Vcore power technologies from Aura Semiconductor [1] Group 1: Acquisition Details - The acquisition is expected to enhance On Semiconductor's power management portfolio, especially for AI data center applications [1] - The company anticipates that the acquisition will become profitable after the first fiscal year post-completion and will have minimal impact on its GAAP and non-GAAP earnings per share before that [2] - The integration aims to strengthen On Semiconductor's position in the solid-state transformer, power supply unit, and core power delivery markets, enabling improved AI infrastructure solutions with better power density, productivity, and thermal performance [2] Group 2: Company Overview - On Semiconductor Corporation is engaged in the design, production, and supply of semiconductor products and solutions, with operations divided into three segments: Power Solutions Group (PSG), Analog and Mixed-Signal Group (AMG), and Intelligent Sensing Group [3]