Summary by Moomoo AI
On August 31, 2024, BlackRock, Inc. filed an amendment to the Schedule 13G with the Securities and Exchange Commission, indicating that it holds a 10% ownership stake in ON Semiconductor Corp. This filing, known as Amendment No. 3, reflects the beneficial ownership of 42,956,619 shares of common stock by BlackRock, Inc. The filing was made under Rule 13d-1(b), which is used by certain large investors to report their holdings. BlackRock, Inc., a Delaware-based investment management firm, has sole voting power over 40,092,936 shares and sole dispositive power over all 42,956,619 shares. The filing also includes a list of subsidiaries of BlackRock, Inc. that own 5% or greater of the outstanding shares of the security class being reported. The document was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., on September 10, 2024.
