onsemi (ON) cuts 1,000 jobs
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Analysts discuss Onsemi’s jobs cut plan; stock down
June 14, 2024 9:31 AM EDTOnsemi (NASDAQ: ON) announced on Thursday it will cut about 1,000 employees from its global workforce as part of an effort to streamline operations and reduce costs.
The chipmaker has been facing challenges due to weak demand in the electric vehicle (EV) market and excess inventory at its... More
Deutsche Bank Reiterates Buy Rating on ON Semiconductor (ON)
June 14, 2024 5:03 AM EDTDeutsche Bank analyst Ross Seymore reiterated a Buy rating and $85.00 price target on ON Semiconductor (NASDAQ: ON).
The analyst comments "After market close, ON released an 8-K announcing a continued commitment to their "Fab Right" strategy, with plans to consolidate nine sites and reduce... More
