Onsemi in Talks to Acquire Startup Ferric for About $1B

The reported figure is the story here: a roughly $1 billion price for a startup whose product focus and strategic rationale were not disclosed points to a valuation based on scarce capability rather than visible revenue, which is how semiconductor consolidation has been running. Onsemi is the affected party, and the absence of terms or a timeline leaves the outcome genuinely open. Whether the talks convert into a signed deal, and what Ferric actually brings, are the open questions worth watching.