M&A News: Allegro MicroSystems Snubs Onsemi’s (ON) $6.9B Takeover Bid
U.S.-based Allegro MicroSystems (ALGM) rejected a $6.9 billion takeover bid from its larger rival Onsemi, formerly known as ...
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Onsemi (ON) to Axe 2,400 Jobs amid Weakening Auto Chip Demand
On Semiconductor (ON) or Onsemi, has disclosed a major restructuring plan to lay off about 2,400 employees globally in 2025. This decision follows the chipmaker’s struggle with declining demand ...