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Industry
Onsemi in talks to buy AI chip power startup Ferric for $1 billion
Semiconductor components company Onsemi is in talks to acquire chip startup Ferric for about $1 billion, The Information reported on Oct. 27 local time. Citing sources, the report said the deal could be completed within days, though terms could change or the talks could fall through. The deal structure was not disclosed, and payments tied to performance targets may be included.
People
LG Electronics\' Choi Seok-ho and JM JECO\'s Choi Yoon-hwa named August Korea Engineer Award winners
South Korea\'s Ministry of Science and ICT and the Korea Industrial Technology Association (KOITA) named LG Electronics senior researcher Choi Seok-ho (최석호) and JM JECO CEO Choi Yoon-hwa (최윤화) as August 2026 winners of the Korea Engineer Award. Choi Seok-ho was recognised for applying biomimetic fluid-control design to fans used in air conditioners and air purifiers, improving airflow and energy efficiency. Choi Yoon-hwa was recognised for developing and commercialising copper-conductor-based power semiconductor packaging technology.
Industry
onsemi to sell two chip plants in U.S., Philippines to cut $35 million in annual costs
Semiconductor company onsemi plans to sell two production facilities to cut manufacturing costs and improve gross margin, Cryptopolitan reported. The company will sell its Mountain Top plant in Pennsylvania and a facility in Tarlac, the Philippines, and expects annual savings of about $35 million. Silex Microsystems is set to buy the Mountain Top site, with closing targeted by January 2028. Greatek Electronics will acquire the Tarlac facility, with completion expected within 3 to 6 months.
