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

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 ...

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 ...

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 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 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 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. The company employs ...

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 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 ...

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 ...