
Game of Semiconductor Thrones: Allegro MicroSystems Rejects ON Semiconductor’s $6.9 Billion Proposal
Allegro MicroSystems, specializing in magnetic sensing and power integrated circuits, is at the center of a strategic bid by ON Semiconductor. ON Semiconductor proposed $35.10 per share, a 57% premium over Allegro’s closing price on February 28, 2025, aiming to merge and