ON ▼ -4.5% - ON Semiconductor Corporation $ON - Subaru to Evaluate onsemi's Embedded Power Platform for Future EVs ON Semiconductor shares fell 4.5% today despite the company announcing that Subaru will evaluate its Embedded Power Platform for future electric vehicles. The decline suggests investors may have viewed the evaluation agreement as insufficient to drive near-term revenue growth, or that broader market weakness offset enthusiasm for the potential long-term partnership. 16-SEP-2026 02:30 PM ET