Onsemi to sell two chip plants in $35 million cost-cutting drive

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,

onsemi–Synaptics $7B all‑stock deal resets the “physical AI” trade: fixed 1.35x exchange, 19% premium, $200M synergies, and mid‑2027 close risks explained.

The acquisition could significantly reshape the Edge AI landscape, potentially boosting innovation and market reach for both companies. The post Onsemi to acquire Synaptics in $7B all-stock deal, betting big on Edge AI appeared first on Crypto Briefing.

AI's potential to lower costs could reshape economic policy, but skepticism and external factors may lead to cautious Fed actions. The post Federal Reserve Chair Kevin Warsh highlights AI’s cost-cutting potential, draws parallels to 1990s boom appeared first on Crypto Briefing.

U.S. semiconductor equities rallied on May 13, with major chipmakers posting strong gains as investors rotated back into high-growth technology exposure following recent macro data surprises. Micron Technology climbed nearly 5%, ON Semiconductor rose close to 5%, and NXP Semiconductors…