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Stock Market & Financial Investment News

News Breaks
May 2, 2014
09:51 EDTONNNON Semiconductor falls after earnings, levels to watch
The company reported last night after the close, coming in lighter on revenues than consensus expectations. At the current price of $8.57 the shares are down 8.4% against the prior day close. Support is at $8.26. Resistance is at $8.88.
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July 31, 2014
06:53 EDTONNNON Semiconductor, Fujitsu Semiconductor announce strategic partnership
Fujitsu Semiconductor and ON Semiconductor announced that they have entered into a foundry services agreement. Under the terms of this agreement, Fujitsu will manufacture wafers for ON Semiconductor at its 8-inch front-end semiconductor wafer fabrication facility located in Aizu-Wakamatsu, Japan. Initial production of wafers is expected to begin within a year from today, and ON Semiconductor will have the opportunity to access additional capacity in the Aizu-Wakamatsu fab in the future. To build a stronger partnership, the two companies have also entered into a definitive agreement under which ON Semiconductor will obtain a 10 percent ownership interest in a newly formed subsidiary of Fujitsu Semiconductor that will include Fujitsuís 8-inch Aizu-Wakamatsu fab. The consideration to be paid by ON Semiconductor for this minority interest will be approximately $7M. The transaction is expected to close during Q4 or in early 2015, subject to certain regulatory approvals and other closing conditions.
July 17, 2014
14:30 EDTONNNFujitsu to exit chip making, sell plants to ON Semi, United Micro, Nikkei says
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