(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 has been steadily trimming its workforce. It laid off 1,200 workers last year and 1,900 in 2023. It’s not clear how many Gresham jobs were lost in those prior cutbacks but Onsemi’s ...

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 ...

March 2 (Reuters) - Sensor integrated circuits provider Allegro Microsystems (ALGM.O), opens new tab is drawing takeover interest from larger competitor ON Semiconductor (ON.O), opens new tab ...

Onsemi has acquired the former NextGen Fab facility in DeWitt, marking a significant investment in the region. The semiconductor company plans to invest nearly $120 million and create 80 new jobs.