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flag ON Semiconductor is considering a $4.11 billion takeover of Allegro Microsystems to expand in automotive sensors.

flag ON Semiconductor is reportedly considering a takeover of Allegro Microsystems, valued at $4.11 billion, to boost its automotive sensor capabilities. flag ON Semiconductor, with a market value of $19.83 billion, has been exploring this potential acquisition to expand in the automotive semiconductor sector. flag However, the deal faces uncertainties due to ON Semiconductor's recent cost-cutting measures and layoffs.

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