ON Semiconductor said it will record an additional $200–300 million in non-cash impairment and accelerated depreciation charges tied to long-lived manufacturing assets. The move follows a broader restructuring effort to align its production footprint with long-term strategy and technology needs.

The company expects the charges — most incurred through mid-2026 — to lower annual depreciation expense by $10–15 million next year and does not anticipate significant future cash outflows. Management noted that final impairment amounts and timing may change depending on asset sales and market conditions.