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News Breaks
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.
News For ONNN From The Last 14 Days
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February 27, 2015
08:51 EDTONNNON Semiconductor price target raised to $16 from $12.50 at FBR Capital
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February 26, 2015
10:58 EDTONNNON Semiconductor rallies after unveiling new auto focus technology
ON Semiconductor announced earlier today that it has successfully demonstrated its second generation Phase Detect Auto Focus, PDAF, technology featuring a unique pixel micro-lens technology that enables fast focus at 25 Lux light levels. This unique technology has been successfully implemented on a 13 megapixel test chip with 1.1 micron pixels and will be utilized in a new product introduction for mobile end-market customers later this year. Shares of ON Semiconductor are higher by over 5% in morning trading.
February 19, 2015
10:28 EDTONNNON Semiconductor to host analyst day
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