ON SEMICONDUCTOR CORP (ON): restructuring charge — Onsemi announces additional $200M-$300M non-cash impairment charges on manufacturing assets

ON SEMICONDUCTOR CORP

Approved additional pre-tax non-cash impairment/accelerated depreciation charges of $200M to $300M for long-lived manufacturing assets.
Charges result from restructuring initiatives announced in Q1 2025; no material future cash expenditures expected.
Most charges to be incurred between now and first two quarters of 2026.
Estimated reduction in recurring depreciation expense of $10M to $15M in 2026.
Charges determined as difference between carrying values and estimated fair values less costs to sell.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

ON SEMICONDUCTOR CORP announced a impairment with charges of between $200 million and $300 million affecting certain onsemi manufacturing facilities.

Type: impairment
Charge: between $200 million and $300 million
Affected area: certain onsemi manufacturing facilities

Exact text from the filing

on November 13, 2025, management approved the recognition of additional pre-tax non-cash impairment and accelerated depreciation charges of between $200 million and $300 million. These impairment and accelerated depreciation charges are for long-lived assets relating to investments in manufacturing assets at certain onsemi manufacturing facilities.

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Source: SEC EDGAR

accession 0001140361-25-042498

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