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onsemi Announces Q3 Results · AI Data Center Revenue Surges

The Motley Fool +1 · ·by G4L

ON
ON ON Semiconductor Corp
$69.61 +0.72%
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  1. 1onsemi recorded Q3 revenue of $1.72 billion, exceeding the midpoint of guidance.
  2. 2onsemi achieved a 175% year-over-year increase in AI data center revenue.
  3. 3onsemi agreed to acquire Ferric for $600 million plus up to $175 million in performance-based incentives.

So what's the key point?

onsemi's artificial intelligence data center revenue grew by 175% compared to last year. Based on this performance, the company decided to acquire Ferric.

Source The Motley Fool +1 · View original ↗

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