ON Semiconductor (NASDAQ:ON) will sell its Mountain Top, PA site to Silex Microsystems with a planned closing in January 2028, a move the company says enables product transitions and aims for about $35M in annual savings by 2028 as Susquehanna raised its price target to $150.
Previous Week Recap
- ON Semi Sells Mountain Top Site: ON Semiconductor will sell its Mountain Top, PA site to Silex Microsystems, closing expected January 2028. Company says transition allows product moves and targets ~$35M annual savings by 2028.
- Susquehanna Lifts ON Price Target: Susquehanna lifted ON Semiconductor (ON) price target to $150 from $140; no further details provided.
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