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ON Semiconductor's Stock Tanks After Q3 Performance

ON Semiconductor Corp (NASDAQ: ON) stock reported a third-quarter FY23 revenue decline of 0.5% year-on-year to $2.18 billion, beating the consensus of $2.15 billion. The Intel Corp (NASDAQ: INTC) rival's adjusted EPS of $1.39 beat the consensus of $1.34. Revenue from Power Solutions Group (PSG) grew 10% Y/Y to $1.23 billion, Advanced Solutions Group (ASG) decreased 15% Y/Y to $621.6 million, and Intelligent Sensing Group (ISG) fell by 4% Y/Y to $328.6 million. The adjusted gross margin decl...
South Korea Hassane El Khoury Power Solutions Group Semiconductor Stock Tanks After Intelligent Sensing Group Intel Corp
Source: yahoo.com

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Texas Instruments Forecast Signals That Slump Is Persisting

(Bloomberg) -- Texas Instruments Inc. gave a disappointing revenue forecast for the current period, indicating that demand remains sluggish for a broad range of electronic components, including industrial equipment.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapNobody Wants Mutual Funds NowAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Ousts Defense Minist...
United States Haviv Ilan Bloomberg Businessweek Rafael Lizardi Philadelphia Stock Exchange Semiconductor Index Bloomberg Texas Instruments Inc
Source: yahoo.com

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