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Onsemi Stock Pops as CEO Sees Signs of Recovering Demand

Onsemi (ON) shares surged Tuesday as the semiconductor firm’s CEO said he feels “good about the second half,” anticipating improving…

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Allegro MicroSystems Stock Slumps as Onsemi Pulls Nearly $7B Acquisition Offer

Key Takeaways Shares of Allegro MicroSystems fell Tuesday after ON Semiconductor said it has withdrawn an acquisition offer. Last month,…

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Money

Cleveland-Cliffs, Rockwell Automation, Onsemi, and More

Key Takeaways U.S. equities advanced at midday as tech companies and steel and aluminum manufacturers drove the market higher. President…

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Money

Onsemi Stock Sinks on Worse-Than-Expected Results, Outlook

Key Takeaways ON Semiconductor, or Onsemi, posted worse-than-expected results and guidance as it continued to face difficult market conditions. The…

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