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The Economic Times
The Economic Times
Technology

Onsemi forecasts upbeat revenue on surging AI data center chip demand

Chipmaker Onsemi on Monday forecast third-quarter ​revenue above Wall Street ​expectations, betting on surging demand for ​power management chips used in AI data centers.

Onsemi's results come as it looks to its biggest deal yet, a $7 ‌billion all-stock ⁠acquisition ⁠of Synaptics announced in June, to tap into growing ​demand from AI devices and robotics.

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