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ON Semiconductor Corp (ON.OQ)

ON.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

On Semiconductor Says Co Entered Into Third Amendment To Credit Agreement, Dated As Of April 15, 2016
Monday, 4 Dec 2017 

Dec 4 (Reuters) - On Semiconductor Corp ::ON SEMICONDUCTOR CORP - ON NOV 30, CO ENTERED INTO THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF APRIL 15, 2016- SEC FILING‍​.ON SEMICONDUCTOR - THIRD AMENDMENT PROVIDES TO, AMONG OTHER THINGS, REDUCE INTEREST RATE PAYABLE UNDER TERM LOAN 'B' FACILITY - SEC FILING.ON SEMICONDUCTOR CORP - ‍THIRD AMENDMENT PROVIDES FOR TO INCREASE AMOUNT THAT MAY BE BORROWED PURSUANT TO REVOLVING CREDIT FACILITY TO $1.0 BILLION​‍​.ON SEMICONDUCTOR CORP - IN CONNECTION WITH THIRD AMENDMENT, CO PREPAID $400.0 MILLION OF BORROWINGS UNDER TERM LOAN “B” FACILITY.  Full Article

ON semiconductor reports Q3 earnings per share $0.25
Sunday, 5 Nov 2017 

Nov 5 (Reuters) - ON Semiconductor Corp ::ON semiconductor reports third quarter 2017 results.Q3 revenue $1.391 billion versus i/b/e/s view $1.37 billion.Sees q4 2017 revenue about $1.325 billion to $1.375 billion.ON semiconductor corp-qtrly earnings per share $0.25 ‍​.  Full Article

Fujitsu Semiconductor and ON Semiconductor announce increased strategic partnership
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - ON Semiconductor Corp ::Fujitsu Semiconductor and ON Semiconductor announce increased strategic partnership.ON Semiconductor Corp says ‍agrees to purchase 30 percent incremental share of Fujitsu's 8-inch wafer fab in Aizu-Wakamatsu​.ON Semiconductor Corp says ‍plans to increase stake to 60 percent by second half of 2018 and full ownership in first half of 2020​.  Full Article

ON Semiconductor reports Q2 earnings per share of $0.22
Sunday, 6 Aug 2017 

Aug 6 (Reuters) - ON Semiconductor Corp ::ON Semiconductor reports second quarter 2017 results.Q2 revenue $1.338 billion versus I/B/E/S view $1.31 billion.Sees Q3 2017 revenue about $1.34 billion to $1.39 billion.Qtrly earnings per share $0.22.Q2 earnings per share view $0.32, revenue view $1.31 billion -- Thomson Reuters I/B/E/S.Q3 revenue view $1.35 billion -- Thomson Reuters I/B/E/S.  Full Article

On Semiconductor announces refinancing of secured debt facilities
Friday, 30 Sep 2016 

On Semiconductor : On Semiconductor announces refinancing of secured debt facilities . Transaction replaces, refinances in full senior secured term loans with new tranche of refinancing term loans with 1.25% reduction . Refinancing amends debt facilities to refinance term loans with new tranche of refinancing term loans .Refinancing transaction increases size of its senior secured term loan facility by $200 million to a total aggregate amount of $2.4 billion.  Full Article

On Semiconductor approved implementation of cost-reduction plan
Friday, 23 Sep 2016 

On Semiconductor Corp : Approved implementation of cost-reduction plan, first step of which is to eliminate approximately 130 positions from its workforce . Says company expects that annualized effect of expense reductions will be approximately $25 million . Substantially all of restructuring charge will be recorded in company's fiscal quarter ending September 30, 2016 . Restructuring is expected to result in a charge of approximately $21 million to $24 million . Continues to evaluate remaining positions for redundancies and may incur material charges in future .Substantially all of restructuring charge will primarily be paid in cash over last two quarters of fiscal year 2016.  Full Article

On Semiconductor extends tender offer to buy Fairchild Semiconductor
Friday, 2 Sep 2016 

On Semiconductor Corp: On Semiconductor extends tender offer to acquire Fairchild Semiconductor .Says tender offer will now expire on September 16, 2016.  Full Article

ON Semiconductor announces receipt of approval for acquisition of Fairchild Semiconductor
Thursday, 25 Aug 2016 

ON Semiconductor Corp : ON Semiconductor announces receipt of regulatory approval for acquisition of Fairchild Semiconductor . FTC required that on semiconductor dispose of its planar insulated gate bipolar transistor business . No manufacturing assets to be transferred by co in connection with divestiture of ignition IGBT unit or sale of TVS, thyristor units .U.S. FTC terminated Hart-Scott-Rodino waiting period applicable to co's proposed acquisition of Fairchild Semiconductor International.  Full Article

Littelfuse to acquire select product portfolio from ON Semiconductor
Thursday, 25 Aug 2016 

Littelfuse Inc : Littelfuse to acquire select product portfolio from ON Semiconductor . Littelfuse also plans to invest approximately $30 million in its semiconductor fabrication locations . Deal for a combined purchase price of $104 million . Expect acquisition to have EBITDA margins of more than 30 percent . Expect earnings per diluted share impact of this acquisition to be neutral in 2016, and accretive in 2017 and beyond . Transfers will occur over next few years .Portfolio has annualized sales of approximately $55 million.  Full Article

ON Semiconductor extends tender offer to buy Fairchild Semiconductor
Friday, 19 Aug 2016 

On Semiconductor Corp : On Semiconductor extends tender offer to acquire Fairchild Semiconductor . Offer will now expire one minute following 11:59 p.m., New York City Time, on September 1, 2016 .All other terms and conditions of offer remain unchanged.  Full Article

BRIEF-On Semiconductor Says Co Entered Into Third Amendment To Credit Agreement, Dated As Of April 15, 2016

* ON SEMICONDUCTOR CORP - ON NOV 30, CO ENTERED INTO THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF APRIL 15, 2016- SEC FILING‍​