US Stock Market Move | ON Semiconductor Corporation (ON.US) rose more than 6.4% and reached a strategic cooperation with INNOSCIENCE.

On Wednesday, ON Semiconductor Corporation (ON.US) stock price rose, with the stock increasing by over 6.4% to $54.78 at the time of writing. In terms of news, INNOSCIENCE and ON Semiconductor Corporation have reached a strategic partnership to jointly accelerate the application and layout of the gallium nitride industry. This strategic partnership will integrate INNOSCIENCE's mature and advanced gallium nitride manufacturing capabilities with ON Semiconductor Corporation's experience and strengths in system packaging and integration through methods such as wafer procurement, accelerating the rapid implementation of gallium nitride in areas such as new energy vehicles, artificial intelligence, data centers, and industry.