onsemi Announces $6 Billion Share Repurchase Authorization

SCOTTSDALE, Ariz., Nov. 18, 2025 (GLOBE NEWSWIRE) -- onsemi (the “Company”) (Nasdaq: ON) today announced that its Board of Directors has authorized a new share repurchase program of up to $6 billion over the next three years. The new share repurchase program will launch on January 1, 2026 after the previous $3 billion authorization expires on December 31, 2025. Under the prior authorization, onsemi has repurchased $2.1 billion of its common stock over the last three years, in particular spending approximately 100% of the company’s free cash flow in 2025 for share repurchase.