Japan's Fujitsu Ltd said on Thursday its main semiconductor plant in Mie prefecture, in central Japan, will be split into a separate foundry company with plans to seek outside partners to expand its business. The move is part of a broader reorganisation of its semiconductor business, which also includes a plan for ON Semiconductor Corp to take a 10 percent stake in another newly formed unit.
ON Semiconductor Corporation (ON Semiconductor) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products. Shares of ONNN traded higher by 1.38% or $0.12/share to $8.81. In the past year, the shares have traded as low as $6.80 and as high as $10.07. On average, 6954190 shares of ONNN exchange hands on a given day and today's volume is recorded at 4779340.
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