onsemi Announces $6 Billion Share Repurchase Authorization

Core Viewpoint - onsemi has announced a new share repurchase program of up to $6 billion over the next three years, starting January 1, 2026, following the expiration of a previous $3 billion program [1][2] Group 1: Share Repurchase Program - The new share repurchase program reflects the company's commitment to disciplined capital management and aims to create long-term shareholder value [2] - The previous share repurchase program saw onsemi repurchase $2.1 billion of its common stock over the last three years, utilizing approximately 100% of the company's free cash flow in 2025 for this purpose [1][2] - The new program allows for repurchases through various means, including open market purchases and privately negotiated transactions, with the authorization expiring on December 31, 2028 [2] Group 2: Company Strategy and Market Position - onsemi's leadership emphasizes confidence in the company's long-term strategy, focusing on investments in differentiated technologies across power and sensing [2] - The company aims to capture growth opportunities in key markets such as automotive, industrial, and AI data centers, positioning itself for sustainable value delivery to shareholders [2][3] - onsemi is recognized for driving innovations in megatrends like vehicle electrification, sustainable energy grids, and industrial automation, contributing to a safer and smarter world [3]