Synaptics CFO Resigns, Company Skips Successor Search Before Merger
Synaptics CEO Rahul Patel will serve as principal financial officer after CFO Ken Rizvi resigns, with the transition supported by Kermit Nolan.
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ON Semiconductor's CEO Says AI Demand Got Priority Over Automotive Customers— and Wall Street Loved It as Stock Jumps 7% in Premarket Tuesday
ON Semiconductor put AI data centers ahead of automotive and industrial customers as AI infrastructure demand accelerated.
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Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.
Read original at benzingaShares of semiconductor companies are trading higher. Nvidia's $105 billion of an Ohio data center and comments regarding OpenAI commitments of approximately $600 billion for its compute capacity may help support the demand outlook across the sector.
Read original at benzingaCantor Fitzgerald Reiterates Neutral on ON Semiconductor, Maintains $110 Price Target
Cantor Fitzgerald analyst Matthew Prisco reiterates ON Semiconductor (NASDAQ:ON) with a Neutral and maintains $110 price target.
Read original at benzinga