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Story summary
- On Semiconductor (the Scottsdale, Arizona-based company) reported an 11% revenue decline to $1.53 billion in the fourth quarter.
- The company attributed this drop to sales declines in its two largest business units.
- On Semiconductor's profit for the quarter was $181.8 million, or 45 cents per share, down from $379.9 million, or 88 cents per share, in the same period last year.
