Qorvo Sells United Silicon Carbide to onsemi for $115 Million
Deal News | Dec 11, 2024 | Ropes & Gray
Ropes & Gray has advised Qorvo in the sale of its United Silicon Carbide subsidiary to onsemi for $115 million in cash. The transaction, involving the sale of the silicon carbide junction field-effect transistor (SiC JFET) technology business, was announced on December 9 and is anticipated to close in the first quarter of 2025. This strategic divestment allows Qorvo to streamline its focus while enabling onsemi to enhance its power portfolio for AI data centers. The acquisition will support increased efficiency and reduced energy consumption in AI data centers, which face growing demands. Ropes & Gray's extensive legal expertise in mergers, IP, antitrust, real estate, and tax was crucial to the transaction's structuring.
Sectors
- Semiconductors
- Artificial Intelligence
- Legal Services
Geography
- United States – Qorvo, onsemi, and Ropes & Gray are all based in or have significant operations in the United States, making this the primary geography of the transaction.
Industry
- Semiconductors – The article involves Qorvo's sale of its silicon carbide technology, relevant to the semiconductors industry.
- Artificial Intelligence – The transaction facilitates AI data centers, focusing on power efficiency — a key component of the AI industry.
- Legal Services – Ropes & Gray provided extensive legal services in the transaction, showcasing the industry's role in M&A activities.
Financials
- $115 million – The cash value of the sale of United Silicon Carbide to onsemi.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qorvo | Seller (Vendor) | Company | A provider of core technologies for radio frequency and power technologies. |
| onsemi | Buyer | Company | A sensing technology firm acquiring United Silicon Carbide to enhance its power portfolio. |
| Ropes & Gray | Legal Advisor | Company | Provided legal advice to Qorvo for the transaction. |