Susan Moreno+FollowChip Deal Drama: Onsemi Walks AwayWow, Onsemi just called it quits on a $6.9 billion deal with Allegro MicroSystems! 🚫💰 After months of back-and-forth, they decided it wasn’t worth it. Onsemi wanted to grow in the auto industry, but Allegro’s board wasn’t impressed with their offer. Now, Allegro’s shares took a hit, dropping 12.5%. 📉 What do you think this means for the chip industry? Share your thoughts! #Onsemi #AllegroMicroSystems #ChipWars #AutoIndustry #Business110Share
