ON Semiconductor shares surge 10.20% intraday after securing major supply agreement with Sineng Electric.
ByAinvest
Tuesday, Mar 31, 2026 2:33 pm ET1min read
ON--
ON Semiconductor surged 10.20% intraday following a strategic design victory, as the company secured a supply partnership with Sineng Electric for its newest generation of power products. This development signals strong demand for ON’s advanced semiconductor solutions and reinforces its market position in the power technology sector. The timing of the news coincided with positive intraday momentum, contributing to the notable price increase.
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