Onsemi to Sell Two Chipmaking Plants to Cut Costs

Onsemi to sell two chipmaking plants to cut costs

July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:

Onsemi Sheds Two More Fabs in Cost-Cut Push

Onsemi is exiting two wafer fabs. The chipmaker signed deals to sell its plant in Tarlac, Philippines, to Taiwan’s Greatek Electronics and its Mountain Top, Pennsylvania, facility to Sweden’s Silex Microsystems. No price tags were disclosed. The moves form the latest step in a years-long effort to slim its manufacturing base. Shares of the Scottsdale, Arizona-based company fell more than 3% in premarket trading Tuesday. They have still climbed n…

onsemi to divest two manufacturing sites (ON:NASDAQ)

onsemi (ON) sells Philippines and Pennsylvania fabs under its Fab Right strategy, targeting $35M annual savings and margin gains.

onsemi Advances Fab Right Strategy with Agreements to Divest Two Manufacturing Facilities

SCOTTSDALE, 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 onsemi’s ongoing initiative to improve companywide manufacturing cost structure to…

Arizona Chip Giant Moves to Sell Two Manufacturing Facilities

onsemi announced it has entered into definitive agreements to divest two manufacturing facilities. These planned divestitures are part of onsemi’s ongoing initiative to improve companywide manufacturing cost structure to drive sustained gross margin expansion as part of its Fab Right strategy.

Onsemi to Sell Two Chip Manufacturing Plants as Cost-Cutting Strategy Targets Higher Profit Margins

U.S. semiconductor company Onsemi is accelerating its manufacturing optimization strategy by agreeing to sell two chip manufacturing facilities as it seeks to reduce costs, improve operational efficiency, and strengthen profit margins. The announcement comes as the company’s shares have climbed nearly 75 percent so far in 2026, although the stock slipped by more than 3 percent in premarket trading following the news, Reuters news report said. On…