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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--What's New: Today onsemi released the Hyperlux™ ID family, the industry's first real-time, indirect time-of-flight (iToF) sensor that offers high precision long distance measurements and 3D imaging of fast-moving objects. By using onsemi's new proprietary global shutter pixel architecture and on-board storage, the Hyperlux ID family can capture an entire scene and simultaneously process depth measurement in real-time. This innovative approach addresses the li.
Investors need to pay close attention to ON Semiconductor (ON) stock based on the movements in the options market lately.
Onsemi said on Wednesday that it proposed to acquire sensor integrated circuits provider Allegro Microsystems for $35.10 per share in an all-cash transaction.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM) to acquire the company for $35.10 per share in cash for each share (the “Proposal”) of Allegro's common stock on a fully diluted basis at an implied enterprise value of $6.9 billion. onsemi has made numerous attempts over the past six months to enter into constructive discussions regarding a potential transacti.
ON Semiconductor Corporation (ON) Morgan Stanley Technology, Media & Telecom Conference (Transcript)
ON Semiconductor Corporation (NASDAQ:ON ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 6:20 PM ET Company Participants Hassane El-Khoury - President and CEO Thad Trent - EVP and CFO Conference Call Participants Joe Moore - Morgan Stanley Joe Moore All right. Welcome back, everybody.
As highlighted by numerous analog market players, ON is likely to face further recovery headwinds, as similarly observed in its FQ4'24 miss and underwhelming FQ1'25 guidance. Combined with the heightened inventory levels and deteriorating gross profit margins, it is unsurprising that the stock has been sold off as it has. As observed during the worst PC demand destruction in 2022 and the memory chip inventory glut in 2023, the analog chip market bottoming is unlikely to occur anytime soon.
Sensor integrated circuits provider Allegro Microsystems is drawing takeover interest from larger competitor ON Semiconductor , Bloomberg News reported on Sunday citing people familiar with the matter.
ON Semiconductor is suffering from declining demand in key end markets amid ongoing inventory digestion and a stretched valuation.
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, the chipmaker said in a filing on Tuesday.
ON Semiconductor Corp. (ON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.