ON Semiconductor Surges 1.03% on Sept. 24 Trading Volume Ranks 355th Amid Strategic Expansion Moves

On Sept. 24, 2025, ON Semiconductor (ON) closed at a 1.03% gain with a trading volume of $0.28 billion, ranking 355th in market activity. The stock's performance coincided with broader market volatility amid shifting investor sentiment toward semiconductor sector exposure.

Recent developments highlight ON Semiconductor's strategic focus on expanding its analog and automotive product portfolios. The company announced a new partnership with a European automaker to supply power management solutions for next-generation EV platforms, signaling long-term revenue potential. Analysts noted the agreement could bolster ON's market share in the automotive segment, which has seen increased demand amid global EV adoption trends.

Operational updates included the completion of a key manufacturing expansion in Southeast Asia, enhancing production capacity for silicon carbide devices. The move aligns with growing industry demand for energy-efficient components, particularly in renewable energy infrastructure projects. Management emphasized the facility's role in reducing lead times for critical semiconductor nodes.

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