onsemi agrees to sell two chip plants, targeting $35M in annual savings
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onsemi Advances Fab Right Strategy with Agreements to Divest Two Manufacturing Facilities
July 7, 2026 7:00 AM EDTSCOTTSDALE, Ariz., July 07, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced it has entered into definitive agreements to divest two manufacturing facilities. These planned divestitures are part of onsemis ongoing initiative to improve companywide manufacturing cost structure to drive sustained gross margin expansion as part of its Fab Right strategy.
onsemis Fab Right manufacturing strategy focuses on continuous optimization of manufacturing footprint and directs resources to the most competitive, scalable and technology-aligned operations across its global manufacturing footprint. This approach is designed to improve the companys long-term cost... More
