Market Chatter: Sanken Electric Faces Uncertainty as ON Semi Eyes Allegro

MT Newswires Live

Mar 03, 2025

Sanken Electric Co (TYO:6707), Allegro Microsystems' largest shareholder with a 32% stake, faces uncertainty as ON Semiconductor explores a takeover of the $4.1 billion chipmaker, Bloomberg reported Sunday, citing sources.

Allegro has not signaled interest in a sale.

Both companies develop power and sensing chips, with Allegro focused on automotive and industrial markets. The potential bid comes amid concerns over slowing EV chip demand in the US

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (JPY): $6813.00, Change: $+1000, Percent Change: +17.20%

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