NasdaqGS:ONSemiconductor
ON Semiconductor Buyback Highlights AI Data Center And Margin Rebuild Story
ON Semiconductor (NasdaqGS:ON) approved a new share repurchase program of up to US$6b.
The company completed its prior capital return program before authorizing the new buyback.
Management highlighted progress in AI data center related revenues and operational improvements aligned with long term margin goals.
ON Semiconductor focuses on power and analog semiconductors used in areas such as industrial applications, automotive systems and computing. The new US$6b buyback and the update on AI...