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ON Semiconductor Corporation
2 posts
Onsemi agrees to sell two chip plants to cut costs as NASDAQ: ON stock retreats from 2026 rally
ON Semiconductor Corporation is selling manufacturing facilities in the Philippines and Pennsylvania as it reduces fixed costs, reallocates production and prepares for a major expansion into physical artificial intelligence through its proposed Synaptics acquisition.
ON Semiconductor falls 23% on $7bn Synaptics deal as dilution math collides with physical AI pivot
ON Semiconductor NASDAQ ON falls 23 percent on $7 billion all-stock Synaptics acquisition as dilution concerns and physical AI strategy questions rise.