Onsemi is planning a 9% cut to its workforce as it tries to maintain its pace of innovation amid a drop in demand and falling revenue. The semiconductor company is trimming jobs and reducing its ...

(Bloomberg) -- ON Semiconductor Corp. made its pursuit of Allegro Microsystems Inc. public on Wednesday, disclosing an unsolicited bid valuing the company at $6.9 billion including debt.

Onsemi offered $35.10 per share for Allegro, up from a September proposal of $34.50, it said in a statement Wednesday, valuing the smaller company at an implied enterprise value of $6.9 billion ...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (the “Company”) (Nasdaq: ON) today announced its fourth quarter and fiscal year 2024 results with the following highlights: “As we continue to ...

On Semiconductor Corp. has made an unsolicited takeover bid for Allegro MicroSystems, yet another attempt by the Scottsdale company to acquire the New Hampshire-based computer chipmaker.

March 06, 2025--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. ("Allegro") (NASDAQ: ALGM) to acquire ...

All-Cash Proposal Represents Attractive and Immediate Premium of 57% to Allegro’s Unaffected Closing Share Price on February 28, 2025 onsemi (NASDAQ: ON) today disclosed details of a proposal ...