Onsemi ON 2.67% 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 ...

Onsemi to cut nearly 2,400 jobs this year in restructuring push By Reuters February 25, 20252:13 PM PSTUpdated February 25, 2025 ...

Onsemi to cut 1,000 jobs globally By Reuters June 13, 20242:48 PM PDTUpdated June 13, 2024 ...

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 makes chips that play a role in the systems running cars and factories. Its sales fell by 14% last year to $7.1 billion, and its profits declined by more than $600 million to $1.6 billion.

Onsemi sees current-quarter adjusted EPS in the range of $0.92 to $1.04 and revenue of $1.71 billion to $1.81 billion. Analysts surveyed by Visible Alpha were looking for $1.00 and $1.78 billion ...

Onsemi (ON) shares surged Tuesday as the semiconductor firm’s CEO said he feels “good about the second half,” anticipating improving demand in several key markets. The stock added 11% to ...

On Thursday, Onsemi announced that it would cut about 1,000 jobs globally, consolidate nine sites and either reassign or ask approximately 300 employees to relocate, according to a report from ...

Onsemi (ON 1.55%) continues its epic run. Despite what's almost sure to be a flattish year of revenue growth for the integrated chip designer and manufacturer (due to chip manufacturing capacity ...