Allegro Microsystems IncALGM
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Allegro introduced the industry's first ASIL-D-certified PMIC with integrated wheel-speed sensor interface for electromechanical braking, a new product launch.
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UBS Names 10 Industrial Stocks With Up to 62% Upside
UBS has highlighted 10 industrial companies it sees as positioned for a broader capital-spending cycle, with manufacturing, transportation, defense and construction among the areas expected to gain from improving investment conditions. The list includes Lockheed Martin, United Airlines, C.H. Robinson Worldwide, BorgWarner, UL Solutions, Solstice Advanced Materials, Eaton, Advanced Drainage Systems, United Rentals and Packaging Corp. of America, according to a Wednesday report. UBS said the industrial sector is emerging from a prolonged manufacturing downturn, while inventory trends and short-cycle indicators have improved, and it pointed to stronger operating cash flow outside technology as a source of resources for investment. Among the individual companies, UBS assigned price targets ranging from $80 for Solstice Advanced Materials to $1,350 for United Rentals, with Advanced Drainage Systems carrying the largest implied upside at 62%, based on Sept. 11 closing prices. The bank cited potential catalysts including defense demand, airline earnings, freight productivity, electrification, construction activity and packaging pricing, while higher interest rates and weaker economic growth remain risks to the broader industrial outlook.
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Subaru to Evaluate onsemi Embedded Power Platform for Future EVs
Subaru Corporation has entered a strategic technology engagement with onsemi to evaluate onsemi's Embedded Power Platform, or EPP, for future electrified vehicles. Under the engagement, announced by onsemi on Sept. 16, 2026, Subaru gains early access to EPP technology, engineering samples, simulation models and technical expertise as it explores next-generation power architectures. EPP embeds multiple semiconductor devices directly into a silicon-based wafer-level package, and onsemi says the platform could support smaller, lighter and more efficient traction inverter systems while reducing development complexity and accelerating time to market. Tamotsu Inui, Managing Executive Officer and Chief General Manager of Engineering Div at Subaru, said the early engagement gives Subaru a chance to evaluate EPP's integrated approach to power system design, and Dinesh Ramanathan, Senior Vice President of Corporate Strategy at onsemi, said Subaru's engagement brings valuable customer insight to EPP's continued evolution. The initial phase focuses on early engineering evaluation and technical learning, building on a longstanding relationship between the two companies.