Chipmaker Onsemi (ON.O) forecast a tepid fourth quarter and cut about 900 jobs, sparking fears that weak electric vehicle (EV) demand has begun to hurt orders for its chips from the auto sector and sending its shares tumbling 18.3% on Monday. https://www.reuters.com/technology/onsemi-forecasts-weak-fourth-quarter-slowing-demand-electric-vehicles-2023-10-30/
Oof
Yea i thought they were doing well..