BUZZ-Chipmakers Onsemi and GlobalFoundries rise on partnership** Chipmaker Onsemi's ON.O shares rise 2.6% to $54.69 premarket
** GlobalFoundries' GFS.O shares rise 2.8% to $37.27 premarket
** ON to develop GaN power devices with GFS; sampling to begin in first half of 2026
** GaN (gallium nitride) is a semiconductor component that enables higher power efficiency, faster switching speeds, and greater power density in electronic devices compared to traditional silicon
** Up to last close, ON has fallen 15.4% this year; GFS has fallen 15.5% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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