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 ...

(Bloomberg) -- 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.

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 ...

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 ...

In a bold move that is shaking up the semiconductor industry, Onsemi has publicly disclosed an unsolicited proposal to acquire Allegro MicroSystems for US$35.10 per share in cash, valuing the deal ...

All-Cash Proposal Represents Attractive and Immediate Premium of 57% to Allegro’s Unaffected Closing Share Price on February 28, 2025 onsemi (NASDAQ: ON) today disclosed details of a proposal ...

onsemi (Nasdaq: ON), an industry leader in intelligent power and sensing technologies, visits the Nasdaq MarketSite in Times Square. In honor of the occasion, Hassane El-Khoury, President and CEO ...

Allegro Microsystems announced that it received an unsolicited acquisition proposal from onsemi to buy the company for $35.10 per share in cash on February 12, 2025. After reviewing the offer with ...