Onsemi ON-1.43%decrease; red down pointing triangle 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 ...

October 29, 2024--onsemi (Nasdaq: ON) announced today its wafer fab in East Fishkill (EFK), New York, has been accredited by the Defense Microelectronics Activity (DMEA) of the U.S. Department of ...

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 ...

On Semiconductor (ON) or Onsemi, has disclosed a major restructuring plan to lay off about 2,400 employees globally in 2025. This decision follows the chipmaker’s struggle with declining demand ...

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 ...

Semiconductor solutions provider Allegro MicroSystems on Thursday rebuffed a $6.9 billion takeover approach from Onsemi, saying the offer was "inadequate" as it refused yet another approach from ...

Onsemi said this week that it plans to lay off about 9% of its workforce by year’s end as the Arizona-based chipmaker cuts costs in response to a sharp decline in sales. The company employs ...

US chipmaker Onsemi has proposed an acquisition of Allegro MicroSystems for $35.10 per share in cash. According to Onsemi, the company has made “numerous attempts over the past six months to enter ...

On March 5, ON Semiconductor ON announced an all-cash offer of $35.10 per share for Allegro MicroSystems ALGM, which implies an enterprise value of $6.9 billion. This valuation is a 57% premium to ...

ON Semiconductor guided for lower-than-expected first-quarter earnings and revenue amid a continued downbeat market, and its fourth-quarter profit fell. The Arizona-based chipmaker--also known as ...