ON Semiconductor (ON) Soars 11% on Aggressive Expansion Plan

We recently published 10 Stocks Stealing Market Spotlight. ON Semiconductor Corp. (NASDAQ:ON) is one of the best performers on Wednesday. ON Semiconductor extended its winning streak to a 7th straight day on Wednesday, jumping 11.01 percent to close at 57.15apieceasinvestorstookheartfromitspartnershipwithInnosciencetoexpandtheproductionofgalliumnitride(GaN)powerdevicesinabidtocapturethe57.15 apiece as investors took heart from its partnership with Innoscience to expand the production of gallium nitride (GaN) power devices in a bid to capture the 2.9 billion market. In a statement, ON Semiconductor Corp. (NASDAQ:ON) said it signed a mem ...