Law Offices of Howard G. Smith announces an investigation on behalf of ON Semiconductor Corporation (“onsemi” or the “Company”) (NASDAQ: ON) investors concerning the Company’s possible violations of federal securities laws.

On October 30, 2023, onsemi released its third quarter 2023 financial results, revealing that the Company was “taking a very cautious approach” with its silicon carbide (“SiC”) products due to signs of weakening demand and would miss its $1 billion 2023 SiC revenue target by approximately $200 million. On this news, onsemi’s stock price fell $18.18, or 21.8%, to close at $65.34 per share on October 30, 2023, thereby injuring investors.

If you purchased onsemi securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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