Onsemi ON-1.34 % 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.

Shares of analog chips maker onsemi (NASDAQ:ON) fell 8% in the afternoon session after the company posted underwhelming results for the first quarter of 2025, with sales down 22% from the previous ...

Onsemi has initiated a restructuring plan aimed at reducing operational costs, which would result in the laying off of about 2,400 of its employees across all business divisions worldwide in 2025 ...

Onsemi hasn't seen substantial year-over-year revenue growth for seven quarters. In 2023, revenue dropped by around 1%, and in Q2 of this year, the company experienced a 17% decline in revenue.

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.

Onsemi's significant transformation under CEO Hassane El-Khoury focuses on high-growth markets like EVs and industrial automation. The company's vertical integration strategy, particularly in ...

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 ...

U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European capacity as the European Union ...

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 had 26,400 regular employees as of mid-February, according to an annual filing. The cuts are expected to save $105 million to $115 million annually once completed.

Shares of analog chips maker onsemi (NASDAQ:ON) jumped 5.3% in the afternoon session after chip stocks rallied to start the week as investor optimism rose following trade discussions between U.S ...