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 ...

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 (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 ...

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. The company employs ...

ON Semiconductor, or Onsemi, beat third-quarter profit and revenue estimates, but sales continued to decline and the chipmaker gave weak guidance. All three of the company's units posted sales drops.

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 ...