---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-247127"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2022-09-19T23:59:59+00:00"
generated_at: "2026-06-23T08:43:42.957491+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ON Semi approves exit plan for Quantenna division; expects $215M goodwill and $58M intangible impairment

## Summary
- Exit plan approved Sept 16, 2022 to wind down division within Advanced Solutions Group (legacy Quantenna).
- Division revenue < 3% of 2021 consolidated revenue.
- Goodwill balance ~$215M; unamortized intangible assets ~$58M; substantially all expected to be impaired.
- Previously recorded $115M goodwill impairment on this unit in Q2 2022.
- Associated exit costs (severance, contract termination) not expected to be significant.

## SEC filing metadata
- accession: 0001193125-22-247127
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2022-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312522247127/0001193125-22-247127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312522247127/d256278d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-247127
- JSON: https://secwatch.observer/filing/0001193125-22-247127.json
- Plain text: https://secwatch.observer/filing/0001193125-22-247127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.