Strategic Moves and Future Potential Drive ON Semiconductor’s Recovery Prospects Despite ON Semiconductor’s challenging year, which saw its stock decline by over 20%, many investors are eyeing the company for its promising potential. While the broader tech sector boomed, ON faced a tumultuous period primarily due to sluggish demand in North America and Europe and ongoing inventory challenges. Nonetheless, the company is positioned for a promising rebound, fueled by its leadership in silicon carbide technology. This material is crucial for utility-scale solar solutions and China’s burgeoning electric vehicle market. Furthermore, ON Semiconductor is expanding its influence in AI data centers with advanced sensing and power solutions. The company’s robust alliances with industry giants underscore its resiliency and growth potential. A major multi-year agreement with Volkswagen promises to revolutionize EV performance through innovative power solutions. Additionally, a strengthened partnership with DENSO Corporation marks over a decade of collaboration in enhancing vehicle safety and intelligence, a testament to ON’s commitment to advanced driver assistance technologies. Expanding its technological reach, ON Semiconductor recently invested $115 million to acquire Qorvo’s cutting-edge Silicon Carbide JFET technology. This strategic acquisition bolsters ON’s EliteSiC portfolio and complements its energy-efficient solutions for AI and EV markets. Despite these advancements, ON still faces macroeconomic challenges and weaker-than-expected growth in certain areas, which have kept investors cautious. The projected declines in revenue and earnings for 2024 further emphasize the need for strategic patience. While uncertainties loom, ON maintains a Hold ranking, suggesting potential investors might benefit from awaiting clearer skies before diving in. ON Semiconductor’s Strategic Recovery: Innovations and Future Trends ON Semiconductor, a key player in the semiconductor industry, is navigating a difficult financial period characterized by a 20% decline in stock value over the past year. This downturn comes amidst a broader tech sector boom, presenting both challenges and opportunities for the company. Innovations in Key Technologies At the heart of ON Semiconductor’s recovery strategy is its leadership in silicon carbide (SiC) technology. SiC plays a critical role in advancing utility-scale solar solutions and supporting the burgeoning electric vehicle (EV) sector in China. The company’s investment in this area is expected to drive future growth, especially given the increasingly crucial role of sustainable and efficient technologies in the global market. In addition to SiC, ON Semiconductor is making strides in AI data centers through cutting-edge sensing and power solutions. These advancements cater to the rising demand for sophisticated technologies in the AI realm, particularly as data centers seek energy-efficient solutions. Strategic Alliances and Acquisitions ON Semiconductor’s robust partnerships with major industry players further underscore its potential for recovery and growth. A notable multi-year agreement with Volkswagen is poised to enhance EV performance significantly. This partnership focuses on innovative power solutions that could revolutionize how electric vehicles operate. Furthermore, ON Semiconductor’s long-standing relationship with DENSO Corporation, which spans more than a decade, highlights its commitment to enhancing vehicle safety and intelligence through advanced driver assistance technologies. In a strategic move to expand its technological capabilities, ON Semiconductor invested $115 million to acquire Qorvo’s Silicon Carbide JFET technology. This acquisition is a strategic addition to ON’s EliteSiC portfolio, which aims to strengthen the company’s position in the AI and EV markets by offering energy-efficient solutions. Market Challenges and Predictions Despite these strategic advancements, ON Semiconductor is not without its challenges. The company is contending with macroeconomic pressures and slower-than-expected growth in certain markets. Projections for 2024 indicate potential declines in revenue and earnings, suggesting that strategic patience will be necessary for the company and its investors. The current Hold ranking for ON Semiconductor implies that prospective investors might benefit from waiting for a clearer market outlook before making investment decisions. However, the company’s strong strategic foundations and focus on cutting-edge technology position it well for future success once these challenges are navigated. Conclusion ON Semiconductor’s strategic moves in leveraging silicon carbide technology and enhancing its portfolio through key acquisitions and partnerships underscore its potential for recovery and growth. While current economic and market conditions present obstacles, the company’s investments in sustainable technology and AI data center solutions position it well for long-term success. For more information on ON Semiconductor’s innovations and strategic direction, visit ON Semiconductor .
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The World Health Organization’s director-general said airstrikes on Yemen’s main airport occurred as he was about to board a flight in the Houthi rebel-held capital of Sanaa. The Israeli military said it attacked infrastructure used by the Houthis at the international airport as well as power stations and ports. One of the U.N. plane’s crew was wounded, said Tedros Adhanom Ghebreyesus in a post on X, but he and his WHO colleagues were safe. He said the strikes hit the airport's air traffic control tower, departure lounge and runway. Israel's strikes on Thursday follow several days of Houthi launches setting off sirens in Israel, and last week, Israeli jets bombed Sanaa and Hodeida, killing nine people. The Houthis have also been targeting shipping in the Red Sea corridor, calling it solidarity with Palestinians in Gaza. Israel's bombardment and ground invasion in Gaza has killed over 45,000 Palestinians, more than half of them women and children, according to Gaza’s Health Ministry, which does not distinguish between fighters and civilians in its count. The Hamas-led militant attack on Israel in October 2023 resulted in the deaths of about 1,200 people. Around 100 hostages are still being held in Gaza , although only two-thirds are believed to still be alive. Here’s the latest: UNITED NATIONS — The head of the U.N. health agency says he and his team were about to board a flight in Yemen’s rebel-held capital Sanaa when the airport came under aerial bombardment. The Israeli military said it attacked infrastructure used by the Houthis at the airport as well as power stations and ports in Houthi-controlled areas. “The air traffic control tower, the departure lounge — just a few meters (yards) from where we were — and the runway were damaged,” Tedros Adhanom Ghebreyesus said in a post on X. He said one of the U.N. plane’s crew was injured but he and his WHO colleagues were safe. “We will need to wait for the damage to the airport to be repaired before we can leave.” Tedros said the U.N. team was in Yemen to negotiate the release of U.N. staff detained by the Houthis and to assess the health and humanitarian situation in the country, which faces one of the largest humanitarian crises in the world. JERUSALEM — Houthi rebels in Yemen said Israeli airstrikes on Thursday targeted the rebel-held capital of Sanaa and the port city of Hodeida, following several days of Houthi launches that set off air-raid sirens in Israel. The Israeli military said it attacked infrastructure used by the Houthis at the international airport in Sanaa and ports at Hodeida, Al-Salif and Ras Qantib along with power stations. Israeli Prime Minister Benjamin Netanyahu said in a speech on Wednesday that “the Houthis, too, will learn what Hamas and Hezbollah and Assad’s regime and others learned.” The Iran-backed Houthis’ media outlet reported the strikes in a Telegram post, but gave no immediate details. The U.S. military also has targeted the Houthis in Yemen in recent days. The United Nations has noted that the ports are important entryways for humanitarian aid. Over the weekend, 16 people were wounded when a Houthi missile hit a playground in Tel Aviv . Last week, Israeli jets struck Sanaa and Hodeida, killing nine people, calling it a response to previous Houthi attacks. The Houthis also have been targeting shipping on the Red Sea corridor, calling it solidarity with Palestinians in Gaza. QAMISHLI, Syria — Thousands of people in northeastern Syria attended a funeral Thursday for six fighters from a Kurdish-led, U.S.-backed force who were killed in ongoing clashes with Turkish-backed militias. The Turkish-backed groups are launching attacks to take the Arab cities west of the Euphrates River that are under the control of the Kurdish group . The Turkish-supported groups helped overthrow Bashar al-Assad’s rule of Syria, and have since kept pushing eastward against the Kurdish groups. “We thought that Syria today has entered a new stage after the fall and escape of Assad. We thought that we got rid of all of this, but this attack on us changed everything and those who came in are taking orders from Turkey,” said Nihayet Hassan, the uncle of a killed fighter. The fighters were killed during attacks on Tishreen Dam near the strategic city of Manbij in recent days. The bodies were returned to the city of Qamishli in northeastern Syria where the U.S.-backed group, known as the Syrian Democratic Forces, has a strong presence. Ankara sees the SDF as an affiliate of its sworn enemy, the Kurdistan Workers’ Party, which Turkey classifies as a terrorist organization. Turkish-backed armed groups backed by Turkish jets have for years attacked positions where the SDF are present across northern Syria, in a bid to create a buffer zone free from the group along the Turkish border. “It is obvious that Turkey’s issue is with the Kurds. It is not about an organization, or the PKK, no, their target are the Kurds,” said Ahmad Ammo, a Qamishli resident who attended the funeral. The U.S. has about 2,000 soldiers in eastern Syria to help fight the Islamic State group and protect critical oil fields there. BEIRUT — The Lebanese military said Thursday that Israeli troops encroached on areas of southern Lebanon, violating a ceasefire agreement that ended the war between Israel and the Hezbollah group. The U.S.-brokered ceasefire that went into effect a month ago called for Hezbollah militants and Israeli troops to leave southern Lebanon over a 60-day period as Lebanese army soldiers gradually deploy in the country south of the Litani River. The Israeli military did not immediately comment on the reported incident. Meanwhile, Lebanon’s state-run National News Agency said Israeli bulldozers are setting up dirt barricades that would close off the road between Wadi Slouqi and Wadi Hujeir. Lebanon’s military said it brought reinforcements into the areas entered by Israeli troops. NNA said the United Nations peacekeeping mission in Lebanon, known as UNIFIL, sent a patrol unit to an area near the southern town of Qantara where Israeli forces are present. UNIFIL in a statement expressed its “concern at continuing destruction by the IDF (Israeli military) in residential areas, agricultural land, and road networks in south Lebanon.” Lebanese army chief Gen. Joseph Aoun traveled to Saudi Arabia earlier Thursday as part of ongoing efforts by the cash-strapped military to find financial support to deploy in larger numbers. The Lebanese military and government have complained about Israeli strikes and overflights in the country to a new monitoring committee headed by the U.S. that also includes France. DEIR AL-BALAH, Gaza Strip — An Israeli strike killed five Palestinian journalists outside a hospital in the Gaza Strip overnight, the Health Ministry said Thursday. The Israeli army said it had targeted a group of militants. The strike hit a car outside the Al-Awda Hospital in the built-up Nuseirat refugee camp in the central part of the territory. The journalists were working for the local news outlet Al-Quds Today, a television channel affiliated with the Islamic Jihad militant group. The military said it targeted a group of fighters from Islamic Jihad, a militant group allied with Hamas, whose Oct. 7, 2023, attack into southern Israel ignited the war. Associated Press video showed the incinerated shell of a van, with press markings still visible on the back doors. The Committee to Protect Journalists says over 130 Palestinian reporters have been killed since the start of the war. Israel has not allowed foreign reporters to enter Gaza except on military embeds. This post has been corrected to show that the name of the local news outlet is Al-Quds Today, not the Quds News Network. BEIJING — China has pledged two more shipments of humanitarian aid to Gaza, in an indication of support for the Palestinian Authority, state media reported Thursday. The agreement was overseen in Cairo by Chinese Ambassador to Egypt Liao Liqiang and Palestinian Ambassador to Egypt Diab al-Louh. “To ease the humanitarian conditions in the Gaza Strip, the Chinese government has continued to provide assistance to Palestine,” Liao was quoted as saying. The types and quantities of aid to be delivered via Egypt were not given, but China has previously shipped food and medicine to Gaza. China has longstanding ties with the Palestinian Authority but has also sought to strengthen economic and political relations with Israel. Al-Louh “voiced appreciation for China’s consistent and firm support for the just cause of the Palestinian people and for raising this issue on international occasions," state media said. UNITED NATIONS — The U.N. Security Council will hold an emergency meeting on Monday at Israel’s request to discuss recent attacks by Yemen’s Houthi rebels. Israel’s U.N. Mission said Wednesday the meeting will take place at 10 a.m. Monday. Israeli U.N. Ambassador Danny Danon said he expects the council will condemn the Houthi attacks. He urged the council “to enforce international law and hold Iran, the Houthis’ patron, accountable.” Alluding to Israeli retaliation for the attacks, Danon said ”It seems that the Houthis have not yet understood what happens to those who try to harm the state of Israel.”Bioplastics can play a crucial role in tackling the global ecological crisis, say researchers
New weapons for F-16 and F-35 Hellenic Air Force fighter jetsIran said on Sunday that it would hold nuclear talks in the coming days with the three European countries that initiated a censure resolution against it adopted by the UN's atomic watchdog. Foreign ministry spokesman Esmaeil Baghaei said the meeting of the deputy foreign ministers of Iran, France, Germany and the United Kingdom would take place on Friday, without specifying a venue. "A range of regional and international issues and topics, including the issues of Palestine and Lebanon, as well as the nuclear issue, will be discussed," the spokesman said in a foreign ministry statement. Baghaei described the upcoming meeting as a continuation of talks held with the countries in September on the sidelines of the annual session of the United Nations General Assembly in New York. On Thursday, the 35-nation board of governors of the UN's International Atomic Energy Agency (IAEA) adopted a resolution denouncing Iran for what it called a lack of cooperation. The move came as tensions ran high over Iran's atomic programme, which critics fear is aimed at developing a nuclear weapon -- something Tehran has repeatedly denied. In response to the resolution, Iran announced it was launching a "series of new and advanced centrifuges". Centrifuges enrich uranium transformed into gas by rotating it at very high speed, increasing the proportion of fissile isotope material (U-235). "We will substantially increase the enrichment capacity with the utilisation of different types of advanced machines," Behrouz Kamalvandi, Iran's atomic energy organisation spokesman, told state TV. The country, however, also said it planned to continue its "technical and safeguards cooperation with the IAEA". During a recent visit to Tehran by IAEA head Rafael Grossi, Iran agreed to the agency's demand to cap its sensitive stock of near weapons-grade uranium enriched up to 60 percent purity. - 'Doubts and ambiguities' - Iranian President Masoud Pezeshkian, in power since July and a supporter of dialogue with Western countries, has said he wants to remove "doubts and ambiguities" about his country's nuclear programme. In 2015, Iran and world powers reached an agreement that saw the easing of international sanctions on Tehran in exchange for curbs on its nuclear programme. But the United States unilaterally withdrew from the accord in 2018 under then-president Donald Trump and reimposed biting economic sanctions, which prompted Iran to begin rolling back on its own commitments. On Sunday afternoon, the United Kingdom confirmed the upcoming meeting between Iran and the three European countries. "We remain committed to taking every diplomatic step to prevent Iran from developing nuclear weapons, including through snapback if necessary," London's Foreign Office said. The 2015 deal contains a "snapback" mechanism that can be triggered in case of "significant non-performance" of commitments by Iran, allowing many sanctions to be reimposed. Ali Vaez, an Iran expert with the International Crisis Group think tank, told AFP that Friday's meeting was set to happen earlier, but "those plans were derailed as a result of Iran-Israel tensions" over the Gaza war. Though the parties will be meeting "without knowing what the incoming Trump administration wants to do", Vaez said that "after a lose-lose cycle of mutual escalation, now both sides are back to realising that engagement might be the least costly option." Tehran has since 2021 decreased its cooperation with the IAEA by deactivating surveillance devices monitoring the nuclear programme and barring UN inspectors. At the same time, it has increased its stockpiles of enriched uranium and the level of enrichment to 60 percent. That level is close, according to the IAEA, to the 90 percent-plus threshold required for a nuclear warhead, and substantially higher than the 3.67 percent limit it agreed to in 2015. pdm/smw/amiThe Pittsburgh Steelers look to continue their improbable season atop the AFC North when they visit the disappointing Cincinnati Bengals on Sunday afternoon. The Steelers (8-3) saw their five-game winning streak come to an end last time out, suffering a 24-19 loss to the Cleveland Browns on Nov. 21 in a game that featured a second-half snowstorm. Pittsburgh rallied from an 18-6 deficit to take a 19-18 lead with 6:15 to go in the fourth quarter before the Browns scored what ended up being the game-winning points in the final minute. After the Steelers kicked a 15-yard punt following a three-and-out, their defense went on to allow Cleveland to convert on fourth-and-3, leading to Nick Chubb's 2-yard touchdown run with 57 seconds remaining in the contest. "We just didn't make enough of those critical plays in those moments," Pittsburgh defensive tackle Cameron Heyward said. "We've stepped up in those critical moments. But on the flip side, those three losses we've had, we haven't had those moments. We're trying to change that where, no matter what team, we gotta have those winning moments." All three of the Steelers' losses this season have come against teams that currently have a losing record. Pittsburgh also fell to the Dallas Cowboys and Indianapolis Colts. Still, the Steelers currently lead the AFC North, but the Baltimore Ravens (8-4) are right on their tail. It's a tight race in the division that Cincinnati (4-7) has slipped out of. Even though the Bengals have been in a rut -- with three losses in their past four games -- Cincinnati coach Zac Taylor doesn't want his team to just throw in the towel. "This is December football," Taylor said. "This is where it means something. Regardless (of) what our record is right now, you need to play your best football in December, and now, more than ever, we're going to need that from our guys, and they understand that. They subscribe to it, and we just keep ... moving forward from here." The Bengals were on their bye last week, but before that, they were on the wrong end of a 34-27 decision against the Los Angeles Chargers on Nov. 17. Like Pittsburgh, Cincinnati came back from a sizable deficit only to lose. Joe Burrow threw three second-half touchdown passes against Los Angeles as the Bengals climbed out of a 27-6 hole, but Chargers running back J.K. Dobbins found the end zone from 29 yards out with 18 seconds left in regulation to break a 27-27 tie. Burrow went 28-for-50 passing for 356 yards and the three TDs. "I think we're playing a really good team," Heyward said of Cincinnati. "The roster is very good. And you look at their losses, they come down to those critical moments." Making things harder for the Steelers could be the absence of linebacker Alex Highsmith, who did not practice on Wednesday because of an ankle injury. For the Bengals, left tackle Orlando Brown, who has missed the past three games with a leg injury, was a limited participant on Wednesday. Defensive tackle Sheldon Rankins missed practice with an illness and starting linebacker Logan Wilson (knee) also did not practice. Burrow (wrist) was a full participant. --Field Level Media
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