Reported about 9 hours ago
Onsemi anticipates its second-quarter revenue to surpass Wall Street expectations, driven by consistent demand for its chips used in electric vehicles, despite the economic uncertainty caused by U.S. tariffs on auto imports. The company reported a revenue of $1.45 billion in the first quarter and forecasts Q2 revenue between $1.40 billion and $1.50 billion. Despite a decline from the previous year, Onsemi continues to benefit from the growing EV market, particularly in China and Europe.
Source: YAHOO