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Onsemi rises after $6 billion share buyback plan announced

** Chipmaker Onsemi's ON.O shares rise 2.6% to $46.76 premarket

** Co announces $6 billion share repurchase authorization

** New share repurchase program launches on January 2026, spans three years

** Up to last close, stock has fallen 27.7% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))

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