ON Semiconductor shares are trading higher after the company signed a multi-year power box supply deal with Volkswagen.
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor shares are trading higher after the company signed a multi-year power box supply deal with Volkswagen.
July 22, 2024 | 12:56 pm
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ON Semiconductor shares are trading higher after the company signed a multi-year power box supply deal with Volkswagen.
The multi-year supply deal with Volkswagen is a significant partnership for ON Semiconductor, likely leading to increased revenues and market confidence. This positive development is driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100