The global compound semiconductor market is projected to reach US$25 billion by 2030, growing at an annual rate of nearly 13% from 2024, according to Yole Group's Activity Manager Ezgi Dogmus. This surge,
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Allegro MicroSystems Board Deems ON Semiconductor's $6.9B Offer 'Inadequate'
Allegro MicroSystems turns down Onsemi's 'inadequate' $6.9 billion offer
By Pretish M J and Mrinmay Dey (Reuters) -Semiconductor solutions provider Allegro MicroSystems on Thursday rebuffed a $6.9 billion takeover approach from Onsemi, saying the offer was "inadequate" as it refused yet another approach from the larger rival.
ON Semiconductor Discloses $6.9 Billion Proposal to Buy Allegro MicroSystems
ON Semiconductor (ON) disclosed its attempt to acquire semiconductor manufacturer Allegro MicroSystems (ALGM) in a potential all-cash deal worth roughly $6.9 billion, sending the latter's shares higher early Thursday.
Following months of negotiations, the Durham manufacturer in October received a $750 million award to fund its “nearly complete” $5 billion materials factory in western Chatham County.
Onsemi has anounced the investment into DeWitt, NY. The county executive speaks about the impact on the community.
Teradyne, Inc. (NASDAQ: TER) today announced that Shannon Poulin has joined Teradyne to succeed Rick Burns as President of the Semiconductor Test Divi
A proposed agreement between the U.S. and Ukraine regarding rare earth minerals faces challenges after a dispute between President Trump and President Zelenskyy, while the semiconductor industry is undergoing a transformation due to trade disputes and shifting U.
President Trump's threats against Taiwan, a key American partner vital for deterring China, highlight critical problems with tariffs and semiconductor energy demands.
Onsemi plans to invest nearly $120 million in the county and create 80 new jobs in the semiconductor industry. The company designs and manufactures energy-efficient solutions for industries such as automotive, industrial, and others. Onondaga County Executive Ryan McMahon spoke about how impactful this investment is on the community.
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