I'd like to take the chance to emphasize that the stock market does what it wants and reacts excessively to factors that are perceived to make stockholders less money, it's not a direct indicator of company health or viability and it's not a great representation of economic health.
Yeah, but the fact is that big part of their portfolio is now obsolete according to Digikey.
And it appears as Rochester as manufacturer.
And all this happened overnight. But not just to On semi, I see parts from others as well. So right now, Rochester has 41000 ICs listing on Digikey. Two weeks ago, I didnt even know their name. Look at this news:
https://www.rocelec.com/newsThey place news without date (dick move) but there is 2019 Holiday Schedule. Lets assume they did that end of last year. Since then:
-The Continuous Source For Maxim Integrated
-The Authorized Source for Infineon Technologies
-The Continuous Source for Cypress Products
-The Continuous Source For ON Semiconductor - Over 7 billion ON Semiconductor devices in stock
-The Only Authorized Source of Texas Instruments End-of-Life Semiconductors - Rochester has over 1.5 billion Texas Instruments devices in stock
-Now Providing Linear Technology End-of-Life Products
All I'm seeing is that the major players are obsoleting their part numbers. Digikey has 800K part numbers, 5% of them is now suddenly from Rochester.