[url="]Alpha and Omega Semiconductor Limited[/url] (AOS) (Nasdaq: AOSL), a designer, developer, and global supplier of a broad range of discrete power devices,

Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push ​to cut costs and boost profit margins.

SCOTTSDALE, Ariz., July 07, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced it has entered into definitive agreements to divest two manufacturing facilities.

I rate ON Semiconductor a Strong Buy with a $126 price target, implying ~30% upside from the current level of $97 per share. The main growth drivers are AI data center power, automotive content growth through 900V EV platforms and EliteSiC, plus Treo, vertical GaN and Synaptics. ON's forward non-GAAP PEG ratio of about 0.95x is attractive versus the sector median of 1.37x, and my EPS bridge supports a price target of about $126, implying 30% upside.

The AI trade is off to a strong start this week, with several chip and memory stocks among the biggest gainers in the S&P 500 and Nasdaq on Monday.

ON Semiconductor's AI data center revenues are set to double in 2026 as advanced power solutions gain traction across EVs, energy storage and industrial markets.

LOS ANGELES--(BUSINESS WIRE)---- $ON--ON Investors Have Opportunity to Join ON Semiconductor Corporation Fraud Investigation with the Schall Law Firm.

ON Semiconductor is rated Buy, with a systematic accumulation strategy targeting a large upside breakout by 2027–2028. ON's transformation via the $7B Synaptics acquisition and proprietary Treo platform expands its TAM to $243B by 2030, leveraging leadership in 1200V vertical GaN and SiC technologies. Key catalysts include 10x content growth in 800V AI data center racks, robust margin expansion toward a 53% target, and decoupling from flat global auto SAAR via Chinese EV exports.

Broadcom maintains a dominant position in artificial intelligence infrastructure and enterprise software with high net margins. ON Semiconductor is a leader in power and sensing chips for the automotive sector and is expanding into edge AI.

NEW YORK, July 1, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ON Semiconductor Corporation ("Onsemi" or the "Company") (NASDAQ: ON). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.