ON Semiconductor Stock Jumps as Geely and NIO Deals Put 900V EV Chips in Focus
ON Semiconductor Corp., which operates under the onsemi brand, has deepened its push into China’s fast-growing EV sector. The company clinched a new deal with Geely Auto Group this week, expanding their partnership to deliver silicon carbide chips for Geely’s electric and hybrid models. Under the latest agreement, onsemi’s EliteSiC power technology will be rolled out across vehicles using Geely’s SEA-S platform, according to the company.