ON SEMICONDUCTOR CORP (ON): restructuring charge — ON Semi approves $600M-$700M non-cash impairment charge on manufacturing assets

ON SEMICONDUCTOR CORP

Pre-tax non-cash impairment charges of $600M-$700M for long-lived manufacturing equipment at certain facilities.
Impairment driven by held-for-sale accounting guidance as part of restructuring plan announced Feb 24, 2025.
Charges are expected to reduce 2025 depreciation expense by $30M-$35M.
Most charges will be incurred in Q1 and Q2 2025 with no material future cash expenditures.
Management aligned internal manufacturing capacity with anticipated long-term needs.

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 pre-tax non-cash impairment charges of between $600 million and $700 million affecting certain onsemi manufacturing facilities.

Type: impairment
Charge: pre-tax non-cash impairment charges of between $600 million and $700 million
Affected area: certain onsemi manufacturing facilities

Exact text from the filing

On March 17, 2025, as part of the restructuring plan and cost reduction initiatives previously announced on February 24, 2025, management of ON Semiconductor Corporation (the “ Company ” or “ we ” and, together with its subsidiaries, “ onsemi ”) approved the recognition of pre-tax non-cash impairment charges of between $600 million and $700 million. These impairment charges are for long-lived assets relating to investments in manufacturing equipment at certain onsemi manufacturing facilities pursuant to held-for-sale accounting guidance.

View on SEC.gov

13 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ON SEMICONDUCTOR CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-056735

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.