Eyeing global market reach, Onsemi acquires Qorvo’s SiC technology for $115 million, while Lenovo buys Israeli storage firm Infinidat.
Tech giants Onsemi and Lenovo have recently announced the acquisition of two prominent tech companies, signalling major developments in the global semiconductor industry.
Onsemi has completed the $115 million cash purchase of Qorvo’s silicon carbide (SiC) subsidiary JFET technology, and Lenovo has acquired the Israeli storage company Infinidat.
This move is expected to bolster Onsemi’s EliteSiC power product range, which is designed to meet the growing demand for high efficiency and power density in AI data centre power supplies. In the electric vehicle (EV) sector, SiC JFET-based circuit breakers will improve both energy efficiency and safety by replacing multiple components.
Additionally, the technology will support energy storage and circuit breaker applications in industrial markets.
Simon Keeton, Onsemi’s President of Power Solutions, emphasised that this acquisition strengthens Onsemi’s position in power semiconductors, offering solutions to address challenges in AI, automotive, and industrial sectors, particularly in power density and efficiency.
Meanwhile, Lenovo has acquired the Israeli enterprise storage firm Infinidat, although financial details remain undisclosed. Founded in 2011, Infinidat has raised $350 million in funding and reached a valuation of over $1 billion.
This marks Lenovo’s first investment in Israel, a notable development given the rarity of such acquisitions by Chinese tech companies in the region. As part of the deal, Lenovo plans to open a development centre in Israel to expand its market presence.
According to TrendForce, experts suggest this acquisition will help Lenovo strengthen its enterprise portfolio, penetrate the Israeli market, and foster innovation in integrated computing and storage solutions.
