Semiconductor Industry: Two Major Acquisition Deals Announced
The semiconductor industry has recently seen two significant acquisition developments: onsemi finalized its acquisition of Qorvo’s silicon carbide (SiC) JFET technology, while Lenovo acquired Israeli enterprise storage company Infinidat.
The semiconductor industry has recently seen two significant acquisition developments: onsemi finalized its acquisition of Qorvo’s silicon carbide (SiC) JFET technology, while Lenovo acquired Israeli enterprise storage company Infinidat.
onsemi Completes Acquisition of Qorvo’s SiC JFET Technology
onsemi has announced the completion of its $115 million cash acquisition of Qorvo's silicon carbide junction field-effect transistor (SiC JFET) technology business and its subsidiary, United Silicon Carbide.
The integration of SiC JFET technology enhances onsemi's EliteSiC™ power product portfolio, enabling the company to meet increasing efficiency and power density demands in various high-growth markets, including AI data centers, electric vehicles (EVs), and industrial applications.
Applications of SiC JFET Technology
AI Data Centers: SiC JFET technology addresses AC-DC power conversion challenges, delivering higher energy efficiency and power density.
Electric Vehicles: Replacing multiple components with SiC JFET-based solid-state circuit breakers enhances energy efficiency and safety.
Industrial Markets: SiC JFETs support energy storage topologies and solid-state circuit breaker applications.
Simon Keeton, Executive Vice President and General Manager of onsemi’s Power Solutions Group, stated, “This acquisition strengthens onsemi’s leadership in power semiconductors, enabling us to deliver disruptive, market-leading technologies that address the most pressing power efficiency challenges in AI data centers, automotive, and industrial sectors.”
Lenovo Acquires Israeli Enterprise Storage Firm Infinidat
Lenovo has completed its acquisition of Israeli enterprise storage company Infinidat, marking its first investment in Israel. While the financial details remain undisclosed, Infinidat, founded in 2011, has raised $350 million in funding to date, with its last valuation exceeding $1 billion.
Strategic and Technological Implications
Expanding Market Presence: The acquisition strengthens Lenovo’s footprint in Israel and enhances its enterprise business portfolio, aligning with its global growth strategy.
Advanced Storage Technology: By integrating Infinidat's high-performance enterprise storage solutions, Lenovo aims to foster innovation in compute-storage convergence.
Infinidat’s Profile
Infinidat specializes in high-end enterprise storage solutions, with its flagship InfiniVerse platform supporting primary and secondary storage for modern workloads across hybrid multi-cloud environments. With a workforce of 500 employees—300 of whom are based in Israel—the company generates annual revenues in the hundreds of millions of dollars and operates profitably.
Post-acquisition, Infinidat’s entire team will retain their roles, and Lenovo plans to expand the local workforce significantly by establishing a development center in Israel.
Lenovo’s Vision
Lenovo Infrastructure Solutions Group CTO Greg Huff remarked, “With Infinidat’s expertise in high-performance data storage, this acquisition enhances our product portfolio and opens new growth opportunities for Lenovo in the enterprise market. We’re excited to accelerate innovation and deliver greater value to our customers.”
Conclusion
These two acquisitions highlight the ongoing evolution of the semiconductor and enterprise storage sectors. Onsemi’s strategic acquisition of SiC JFET technology enhances its competitive edge in power semiconductors, while Lenovo’s move into Israel with the purchase of Infinidat underscores its commitment to innovation and global expansion.
