ON Semiconductor Corp. scrapped efforts to acquire Allegro MicroSystems Inc., withdrawing a bid of $35.10 a share.

The last few months have been rough for some semiconductor companies around the Valley, with Intel in Chandler, Microchip Technology in Tempe and On Semiconductor of Scottsdale all announcing layoffs.

ON Semiconductor on Monday said it has withdrawn its $35.10 per share offer to acquire Allegro MicroSystems, saying it determined there is no actionable path forward. Last month, onsemi submitted the ...

ON Semiconductor shares are rising in extended trading Monday after the company withdrew its acquisition proposal for Allegro ...

Nvidia announced a push to produce NVIDIA AI supercomputers entirely in the U.S. for the first time. Its Blackwell AI chips ...

Arizona's semiconductor industry growth, tech workforce, and open spaces position it for expansion in the space industry. Virgin Galactic is building spaceships in Arizona already A business-friendly ...

Phoenix is proposing double-digit jumps in fees to pay for water plants and pipes, fire and police stations, and roads.

Taylor Morrison Home Corp. (NYSE: TMHC) just plopped down $32.2 million in cash for a 156-acre parcel near Taiwan ...

But Taiwan Semiconductor Manufacturing Co. continues to ratchet up plans for its U.S. manufacturing hub in north Phoenix. The expansion will mean more hiring for engineers with college degrees ...