onsemi to take $600M-$700M non-cash impairment charges on manufacturing equipment
ON Semiconductor disclosed that on March 17, 2025, management approved pre-tax non-cash impairment charges of between $600 million and $700 million on long-lived manufacturing equipment, as part of a restructuring plan announced February 24, 2025. The company says the charges will reduce 2025 depreciation expense by $30 million to $35 million and do not are expected to require material future cash spending, though actual amounts may differ.
Key points
- Pre-tax non-cash impairment charges of between $600 million and $700 million approved March 17, 2025
- Charges relate to manufacturing equipment at certain facilities, treated as held for sale
- Estimated 2025 depreciation expense reduction of $30 million to $35 million
- Most charges expected in the first two quarters of 2025
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.