ON Semiconductor (ON) SiC win with BMW 'a positive' - Rosenblatt

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ON Semiconductor (ON) gains on long-term supply deal with BMW

March 7, 2023 12:02 PM EST

ON Semiconductor (NASDAQ: ON) shares gained Tuesday on the back of the announcement of a long-term supply agreement with BMW. ON will supply its EliteSiC technology for the German premium car manufacturer's electric drivetrains for 400 V DC Bus.

The company's share price is currently trading around the $68.63... More