ON SEMICONDUCTOR CORP

onsemi announced its plan to release financial results for the second quarter, which ended July 3, 2026, after market close on Monday, August 3, 2026. Following the release, the company will host a conference call at 5 p.m. ET on the same day. Investors can access the call via a live webcast on the company's investor relations website or by pre-registering for the teleconference.

onsemi announced definitive agreements to divest two manufacturing facilities in Tarlac, Philippines, and Mountain Top, Pennsylvania. These divestitures are part of the company's 'Fab Right' strategy to improve its manufacturing cost structure and drive gross margin expansion. The transactions are expected to generate approximately $35 million in annual cost savings, with full realization by 2028. The company has established transition plans and supply agreements to ensure continuity for customers.

onsemi announced a definitive agreement to acquire Synaptics in an all-stock transaction valued at approximately $7 billion. This acquisition aims to accelerate onsemi's evolution into a leading provider of intelligent systems, expanding its capabilities beyond power and sensing into Physical AI. The combination is expected to increase onsemi's total addressable market by $30 billion to $243 billion by 2030, be accretive to non-GAAP EPS within 18 months, and generate $200 million in annual synergies.

onsemi announced the launch of GaNEXUS™, a new gallium nitride (GaN) power portfolio, designed to enhance efficiency, power density, and thermal performance for applications like AI data centers, industrial automation, robotics, and energy infrastructure. The initial portfolio includes GaNEXUS FETs sampling across 40V to 650V, including 650V GaNEXUS Smart FETs with integrated protection. This addition expands onsemi's intelligent power solutions, offering customers greater flexibility alongside its silicon and EliteSiC technologies.

onsemi announced the launch of its Elite Pairing Studio, an industry-first online design tool. This interactive platform simplifies the complex process of pairing SiC MOSFETs and gate drivers for power electronics applications in AI data centers, electric vehicles, and industrial systems. The tool provides engineers with early visibility into device-level behavior and trade-offs, accelerating development, reducing design iterations, and ensuring optimal system performance.

onsemi announced an extension of Simon Keeton's final day of employment to September 30, 2026, to support an orderly transition. At its 2026 Annual Meeting of Stockholders, seven directors were elected for one-year terms. Stockholders also approved the advisory resolution on executive compensation and ratified PricewaterhouseCoopers LLP as the independent auditor. Additionally, a stockholder proposal regarding simple majority voting was approved.

ON Semiconductor Corporation announced the completion of its previously announced private unregistered offering of $1.5 billion aggregate principal amount of 0% Convertible Senior Notes due 2031. This amount includes the full exercise of the initial purchasers' option for additional notes. The company received net proceeds of approximately $1,472.9 million, a portion of which will be used to pay for Convertible Note Hedges and to repurchase approximately 3.1 million shares of common stock for $331.9 million. The remaining proceeds are designated for general corporate purposes, including debt repayment. The Notes mature on May 1, 2031, and are convertible under specific conditions, with an initial conversion price of approximately $161.30 per share.

ON Semiconductor Corporation announced the pricing of a private offering of $1.3 billion aggregate principal amount of 0% Convertible Senior Notes due 2031. The notes feature an initial conversion price of approximately $161.30 per share, representing a 52.5% premium over the common stock's closing price. The company expects net proceeds of about $1,276.4 million, a portion of which will be used to fund convertible note hedge transactions and repurchase approximately 3.1 million shares of common stock for $331.9 million. The remaining proceeds are designated for general corporate purposes, including debt repayment.

ON Semiconductor Corporation (onsemi) announced a proposed private offering of $1.3 billion aggregate principal amount of Convertible Senior Notes due 2031. The company also expects to grant initial purchasers an option to buy an additional $200.0 million in notes. Proceeds from the offering will be used to fund convertible note hedge transactions, repurchase up to $400.0 million of common stock concurrently with the pricing, and for general corporate purposes, including debt repayment. The notes will be senior unsecured obligations, maturing on May 1, 2031, and offered privately to qualified institutional buyers.

ON Semiconductor Corporation (onsemi) announced its intention to offer $1.3 billion in Convertible Senior Notes due 2031 through a private offering. The company also expects to grant initial purchasers an option to buy an additional $200 million in notes. Concurrently, onsemi plans to repurchase up to $400 million of its common stock. The net proceeds will be used to pay for convertible note hedge transactions, fund the share repurchases, and for general corporate purposes, including repaying outstanding indebtedness.