Hosted on MSN1mon
Onsemi to Cut 9% of Workforce Amid Restructuring
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 ...
Morningstar26d
ON Semiconductor: We See Allegro Offer as a Fair Price for a Strategic Fit
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 ...