Chipmaker Onsemi missed Wall Street estimates for fourth-quarter revenue on Monday, with its business segments declining as much as 17%, hurt by a persistent inventory glut.
Shares of the Phoenix, Arizona-based company fell nearly 6% in extended trading.
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Onsemi has been grappling with an inventory glut as its customers work through excess chip stockpiles ordered during the supply chain crunch.
Analysts expe… [1156 chars]
Source: Reuters | Published: 2026-02-09T21:57:30Z
Credit: Reuters
