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 ...

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 ...

(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 ...

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 ...

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 (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 ...

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 ...

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 ...

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 ...