Onsemi has been working with advisers in recent months to pursue Allegro, the Bloomberg report said, adding that it’s possible other suitors could emerge for Allegro and the company hasn’t indicated whether it would be open to a potential sale.
Semiconductor companies interested in bulking up their automotive capabilities could look at buying Allegro, the Bloomberg report said.
Onsemi said it does not comment on rumors and speculation. Allegro did not immediately respond to a Reuters request for comment.
Allegro has a market valuation of $4.11 billion while Onsemi is valued at $19.83 billion, according to LSEG data.
-
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
-
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
-
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
-
Marketing
Performance Marketing for eCommerce Brands
-
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
-
Finance
A2Z Of Money
-
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
-
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
-
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
-
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
-
Web Development
Advanced C++ Mastery: OOPs and Template Techniques
-
Astrology
Vastu Shastra Course
-
Finance
Crypto & NFT Mastery: From Basics to Advanced
-
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
-
Legal
Complete Guide to AI Governance and Compliance
-
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
-
Technology
Certified Jenkins Professional
-
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
-
Marketing
Digital marketing – WordPress Website Development
-
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
-
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
-
Leadership
Business Storytelling Masterclass
-
Marketing
Future of Marketing & Branding Masterclass
Manchester, New Hampshire-based Allegro on Monday appointed Mike Doogue as its president and CEO, succeeding Vineet Nargolwala.
Discover the stories of your interest
Onsemi on Tuesday said it had initiated a restructuring plan aimed at reducing operational costs, resulting in the layoff of about 2,400 of its employees across all business divisions worldwide in 2025. In February, the Phoenix, Arizona-based Onsemi forecast first-quarter revenue below Wall Street expectations, hit by softening demand for its automotive chips.