Chipmaker Onsemi Gets Go-Ahead to Resume Shanghai Operations

U.S.-based semiconductor manufacturer ON Semiconductor Corp. has received the green light to reopen its Shanghai distribution center after a temporary shutdown due to the citywide Covid-19 lockdown.

The move follows Onsemi’s announcement last week that it has suspended operations at the Shanghai distribution center and planned to run some of its shipments through Singapore and the Philippines. That notice fueled market concern about the potential retreat of foreign businesses from China due to its strict “zero-Covid” policy.