Chipmakers Onsemi and GlobalFoundries rise on partnership

ON Semiconductor

18/12/2025 14:17

** Chipmaker Onsemi's ON.O shares rise 2.6% to $54.69 premarket

** GlobalFoundries' GFS.O shares rise 2.8% to $37.27 premarket

** ON to develop GaN power devices with GFS; sampling to begin in first half of 2026

** GaN (gallium nitride) is a semiconductor component that enables higher power efficiency, faster switching speeds, and greater power density in electronic devices compared to traditional silicon

** Up to last close, ON has fallen 15.4% this year; GFS has fallen 15.5% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))