Movement Alert｜ON Semiconductor Falls 5.24% in Regular Trading, Report Says Company Nears Ferric Deal

Market Focus10-28 22:57

On October 28, ON Semiconductor fell 5.24% in Regular Trading, trading at $74.66 per share, with turnover of $212 million.

The clearest catalyst in publicly available information was a report that the company is in talks to acquire chip startup Ferric for nearly $1 billion, with a deal potentially reachable in the coming days, though discussions remain ongoing and terms could still change or fall apart.

The reported transaction is tied to ON Semiconductor’s push into AI chip power-management technology and follows its previously revised $5.7 billion cash acquisition of Synaptics. Separately, the company is due to report quarterly results on November 2, with market expectations for revenue of $1.703 billion and adjusted EPS of $0.88, but the scheduled earnings release itself should not be read as a directional signal for the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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