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.

Shares of analog chips maker onsemi (NASDAQ:ON) fell 11.3% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.

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 ...

March 6 (Reuters) - Semiconductor solutions provider Allegro MicroSystems (ALGM.O), opens new tab on Thursday rebuffed a $6.9 billion takeover approach from Onsemi (ON.O), opens new tab ...

(RTTNews) - Allegro MicroSystems, Inc. (ALGM), a semiconductor technology company, on Thursday confirmed the receipt of an unsolicited buyout offer from ON Semiconductor Corp., also known as ...