ON Semiconductor Corp. (ON) closed at $34.64 in the latest trading session, marking a +1.14% move from the prior day.
The government will subsidize the construction of underground power transmission lines to semiconductor clusters, as well as increasing the funding ratio for infrastructure in advanced industrial complexes. More low interest loans will also be made available to companies in the semiconductor sector.
President Donald Trump announced semiconductors and chips imported into the United States will be hit with a specific tariff and the rate will be announced within the week.
The White House will confirm the precise US tariff policy on semiconductors this week, after news of a possible exemption for some electronics boosted markets. Donald Trump said in a post on his social media on Sunday that "there was no tariff 'exception' announced on Friday".
Recently, Zacks.com users have been paying close attention to ON Semiconductor Corp. (ON). This makes it worthwhile to examine what the stock has in store.
ON Semiconductor faces headwinds from declining automotive sale and industry volatility, clouding its short-term prospects.
Revenue of Analog and Power Semiconductor companies has been declining since late 2023. It is still unclear whether a bottom has been reached. ON Semiconductor has managed to stay profitable so far. But the uncertainty around market recovery and the risk of commoditization of Silicon Carbide poses some risks. From a valuation perspective, the stock seems to have priced in these risks. I recommend a buy, with caution.
ON Semiconductor Corp. (ON) closed at $40.69 in the latest trading session, marking a -0.61% move from the prior day.
ON is facing headwinds from weak demand and geopolitical uncertainties despite strong silicon carbide growth and acquisitions.
In the latest trading session, ON Semiconductor Corp. (ON) closed at $43.78, marking a +1.34% move from the previous day.
In the closing of the recent trading day, ON Semiconductor Corp. (ON) stood at $43.58, denoting a +0.37% change from the preceding trading day.
In the most recent trading session, ON Semiconductor Corp. (ON) closed at $42.15, indicating a -1.63% shift from the previous trading day.