Techniques and mechanisms for delivering power with a transformer. In an embodiment, the transformer comprises a dielectric slab structure, a first conductor, a layer of ferromagnetic material disposed around first windings of the first conductor, and a second conductor which forms second windings around the layer of ferromagnetic material. For one of the first windings or one of the second windings, a cross-section of the winding conforms to a rectangle, wherein a width of the cross-section which is more than a height of the cross-section. A ferromagnetic material of the ferrite layer extends between successive ones of the first windings. In another embodiment, a volume fraction of the ferromagnetic material in the ferrite layer is equal to or less than ninety seven percent (97%).