Onsemi to Sell Two Chipmaking Plants as Part of Cost-Cutting Strategy

Chipmaker Onsemi announced plans to sell two manufacturing facilities in the Philippines and Pennsylvania, aiming to reduce costs and improve efficiency under its 'Fab Right' strategy. The sales are expected to save $35 million annually starting from 2027.

By Reuters Tue, July 7, 2026 at 3:08 PM GMT+3 1 min read · Yahoo Finance · July 7, 2026, 12:08 UTC

Onsemi to Sell Two Chipmaking Plants as Part of Cost-Cutting Strategy

Tickers: $ON

Topics: Cost Cutting M&A Semiconductors

Read the full article at Yahoo Finance

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