Tag: onsemi
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Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 3 : Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.Onsemi’s results come as it looks to its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announced in June, to tap in
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Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
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Onsemi to buy Synaptics in $7 billion all-stock deal
June 25 : Onsemi said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, potentially broadening the chipmaker’s presence in the fast-growing market for AI-enabled devicesShares of Onsemi fell about 7.4 per cent in extended trading, while those of Synaptics were d
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