The post ON Semiconductor (ON) Stock Slides After Announcing Dual Facility Divestiture Plan appeared on BitcoinEthereumNews.com.
Key Highlights Shares of ON Semiconductor declined 4.44% following facility divestiture announcement. Chipmaker to divest manufacturing operations in Philippines and Pennsylvania. Strategic restructuring expected to generate $35 million in yearly cost reductions by 2028. Philippines facility transaction includes long-term supply arrangement. Pennsylvania facility handover scheduled to complete by January 2028. Shares of ON Semiconductor (ON) declined 4.44% to $90.49 during morning trading sessions following the chipmaker’s announcement of its Fab Right manufacturing optimization initiative. The semiconductor company revealed plans to divest two production facilities as part of its cost rationalization and operational streamlining efforts. Despite strong year-to-date performance, the stock experienced selling pressure on the news. ON Semiconductor Corporation,
The post Google launches shopping solutions in the Philippines appeared on BitcoinEthereumNews.com.
Homepage > News > Business > Google launches new shopping solutions to boost video commerce and brand-creator partnerships in the Philippines Turn shopping intent into direct checkout with Commerce Media Suite Boost trusted creator voices through Creator Partnerships Hub Affiliate Partnerships Boost: A global first on YouTube piloting in Southeast Asia to enable marketplaces and retailers to boost affiliate content Today at Google Marketing Live Southeast Asia in Singapore, one of the biggest gatherings of brands and advertisers in the region, Google put a spotlight on how the fast adoption of its AI-powered Search and YouTube’s trusted creator ecosystem is unlocking a massive opportunity for businesses to connect with shoppers and grow in Southeast Asia, including the Philippines. With AI Overviews and/or AI Mode users in Southeast Asia saying they are able to make decisions faster (82%
The post STARTRADER Breaks Ground on Davao Basketball Court Revamp in the Philippines, Benefiting Around 20,000 People appeared on BitcoinEthereumNews.com.
Davao City, Philippines, July 10th, 2026, FinanceWire The project marks STARCARES’ latest CSR investment in accessible sports infrastructure for schools and communities. STARTRADER has officially launched the redevelopment of the basketball court at Communal Elementary School in Buhangin, Davao City, with a groundbreaking ceremony held on site. Upon completion, the upgraded facility will benefit approximately 20,000 students, school staff, parents, and residents. It will serve approximately 2,000 learners, 72 school staff, 1,600 parents, and approximately 16,000 residents of Barangay Communal The project responds to the need for a functional, well-maintained recreational space serving both Communal Elementary School and the wider Barangay Communal community. For students, it supports physical education, school assemblies, and organi
The post Philippines sees economic gains from Project Agila appeared on BitcoinEthereumNews.com.
Homepage > News > Finance > Philippines sees economic gains from Project Agila The Philippine central bank is a step closer to shaping its central bank digital currency (CBDC) roadmap after findings from Project Agila yielded gains in settlement automation, interbank payment efficiency, and large-value cross-border transactions. Project Agila is a wholesale CBDC (wCBDC) initiative launched by the Bangko Sentral ng Pilipinas (BSP) in September 2023 in an attempt to modernize the Philippines’ financial infrastructure using emerging technologies, specifically distributed ledger technology (DLT) and tokenization. In a recent statement, BSP Governor Eli Remolona, Jr. said the results of Project Agila’s pilot showed potential of improving how money moves within the local financial system by enabling banking institutions to settle financial securities almost instantly and support the development o
The post What We Know About ‘Freedom Fuel’ Gas Stations appeared on BitcoinEthereumNews.com.
Topline The White House announced the first location of the “Freedom Fuel Network”—a private company running 25 gas stations in New Jersey and Pennsylvania—though scant details about the initiative have raised questions about who is behind the company and how they are offering lower prices than the state average. Trump first announced the stations last week, though the White House revealed the opening of the first location Tuesday. Photo Illustration by Sean Gallup/Getty Images Key Facts President Donald Trump first announced the “network” of gas stations last week, saying 25 would be established in the Philadelphia area with lowered gas prices. The White House has told multiple outlets the company operating the stations is not affiliated with the Trump administration and privately owns 25 gas stations across New Jersey and Pennsylvania, attributing the stations’ lower prices to a reduction in
AWS's investment could significantly boost the Philippines' digital economy, enhance tech infrastructure, and create high-value jobs.
The post Amazon Web Services plans $5B investment in Philippines over 15 years appeared first on Crypto Briefing.
The post Onsemi to sell two chip plants in $35 million cost-cutting drive appeared on BitcoinEthereumNews.com.
Onsemi (ON Semiconductor) has agreed to sell two of its manufacturing facilities as part of a broader effort to reduce operating costs and improve gross margins, the chipmaker announced on Tuesday. The company expects the sales to generate approximately $35 million in annual cost savings. Production plant sales on different timescales Onsemi plans to sell its Mountain Top production facility in Pennsylvania to Silex Microsystems. This transaction is expected to be fully completed by January 2028. Both companies explained that the long transition period is to allow enough time to move the products made in the facility to other plants in Onsemi’s network, and to ensure no disruptions in its supply to customers. The second facility, Onsemi’s Tarlac plant, will be purchased by Greatek Electronics, a Taiwanese semiconductor firm. This transaction is billed to be easier to complete,
Binance is reentering the Philippines through an SEC-approved regulatory sandbox operated by Blockshoals Technologies Inc. The supervised framework begins with a 90-day systems integration, allowing Binance to provide crypto-asset services through a locally regulated partner after testing is completed. Binance’s Philippine Entry Begins Through an SEC-Approved Sandbox Crypto exchange Binance announced its entry into the […]
