Why ON Semiconductor’s Bold Move Ignited Market Waves and What It Means for the Industry
ON Semiconductor withdrew its acquisition proposal for Allegro MicroSystems, leading to a 2.47% rise in ON’s shares and a 10% drop in Allegro’s shares. The decision highlights ON Semiconductor’s strategic focus on maximizing shareholder value through existing growth opportunities and capital allocation disciplines. The company is pivoting its focus towards automotive, industrial sectors, and AI … Read more