Auto market remains sluggish as Onsemi cuts 9% of workforce

Mavis Tsai, Taipei; Jingyue Hsiao, DIGITIMES Asia Wednesday 26 February 2025 0

Onsemi has announced a significant restructuring plan in response to the ongoing challenges in the automotive chip market. On February 25, 2025, the company revealed its intention to lay off approximately 2,400 employees, equating to about 9% of its...

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