• ON Semiconductor signed definitive deals to divest two manufacturing sites in Tarlac, Philippines and Mountain Top, Pennsylvania under its Fab Right strategy.
• Tarlac facility sale to Greatek Electronics expected to close in three to six months; long-term supply agreement set to support ongoing production.
• Mountain Top facility sale to Silex Microsystems targeted to close in January 2028; extended transition to shift products to other plants.
• Moves expected to deliver about $35 million in annual cost savings, starting in 2027 with full run-rate savings in 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ON Semiconductor Corporation published the original content used to generate this news brief on July 07, 2026, and is solely responsible for the information contained therein.