Onsemi to Sell Two Chip Manufacturing Plants as Cost-Cutting Strategy Targets Higher Profit Margins

semiconductor company Onsemi is accelerating its manufacturing optimization strategy by agreeing to sell two chip manufacturing facilities as it seeks to reduce costs, improve operational efficiency, and strengthen profit margins. The announcement comes as the company’s shares have climbed nearly 75 percent so far in 2026, although the stock slipped by more than 3 percent in premarket trading following the news, Reuters news report said. Onsemi job The divestment is part of Onsemi’s long-te