onsemi divests two manufacturing facilities to improve cost structure
The divestitures are part of its Fab Right strategy and expected to save $35 million annually starting in 2027.
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Semiconductor manufacturer of power and sensing technologies
onsemi.comLast updated
In short: onsemi announced a $7 billion acquisition of Synaptics and reported Q1 2026 revenue of $1.51 billion, exceeding analyst expectations.
The divestitures are part of its Fab Right strategy and expected to save $35 million annually starting in 2027.
The all-stock deal adds Edge AI compute and connectivity, expanding into Physical AI.
The portfolio includes GaNEXUS FETs sampling from 40V to 650V, aiming to improve efficiency and power density in AI data centers and industrial applications.
The notes due 2031 are offered privately to qualified buyers. Proceeds fund note hedges, $400M stock repurchase, and corporate purposes. Option for $200M additional notes exists.
Pomerantz LLP is investigating claims on behalf of investors of ON Semiconductor Corporation ("Onsemi" or the "Company") (NASDAQ: ON). Such investors are advised to contact...
Onsemi (NASDAQ:ON)'s proposed acquisition of Synaptics could create long-term strategic benefits, with Bank of America writing that a meeting with management increased its confidence in...
ON Semiconductor will sell two manufacturing facilities as part of its continuing efforts to optimize its footprint and improve its cost structure. The chip maker...
Greatek Electronics approved the acquisition of On Semiconductor SSMP Philippines, a packaging and testing services company, aiming to help meet customer demand for a Taiwan+1...
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