Onsemi Collaborates with Innoscience to Boost GaN Power Device Production
Onsemi has announced a strategic collaboration with Innoscience to accelerate the deployment of GaN power devices, a market projected to reach $2.9 billion by 2030. This partnership, coupled with strong third-quarter earnings that surpassed analyst expectations and a $6 billion share repurchase program, has led to increased price targets from Deutsche Bank and TD Cowen, reflecting growing investor confidence. The company's stock, trading up by 7.89%, demonstrates a positive market reaction to these strategic moves and robust financial performance, especially in AI-related applications.
https://stockstotrade.com/news/on-semiconductor-corporation-on-news-2025_12_03/