ON Semiconductor is trading 4.7% down at $80.39 amid a broad semiconductor selloff tied to AI spending worries and intensifying competition from China.
- The decline follows a 5.2% drop on July 28, 2026, with sector-wide pressure mounting after disappointing earnings from SK Hynix.
- Sector ETFs like SOXX are trading sharply lower as investors react to China’s chipmaking advances and anticipated future pricing pressure.