Onsemi Stock Sinks on Worse-Than-Expected Results, Outlook

Key TakeawaysON Semiconductor, or Onsemi, posted worse-than-expected results and guidance as it continued to face difficult market conditions.The maker of power chips reported a sales decline in all three of its divisions.Onsemi said the 2025 business outlook "remains uncertain." Shares of ON Semiconductor (ON), also known as Onsemi, sank more than 6% Monday after the maker of power chips missed profit, sales, and guidance estimates as it said it faced difficult macroeconomic conditions. The company posted ...