Zhejiang Fore Intelligent Technology Co. Ltd. A301368
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Company extends private placement validity and plans to raise 730 million yuan for expansion projects, approved by regulators.
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onsemi unveiled its Embedded Power Platform, a wafer-level power solution that integrates silicon, silicon carbide and gallium nitride dies to deliver higher power density and system-level co-optimization for AI infrastructure and electrified vehicles, with sampling planned to begin in 2026. The company also announced a technology engagement giving Subaru early access to the platform, a move that highlights how closer co-design around compact, efficient power electronics could influence future electrified vehicle architectures and development timelines. The platform fits onsemi's push to move more of its portfolio into higher-margin, system-level power solutions, coming after Q2 2026 results showed a return to profitability following a large one-off loss, with management guiding Q3 revenue to US$1,650 million to US$1,750 million. The company's narrative projects $9.0 billion in revenue and $2.5 billion in earnings by 2029, requiring 13.0% yearly revenue growth and about a $1.9 billion earnings increase from $630.2 million today. Near-term risks remain, including underutilized fabs and dependence on a still cyclical auto market.
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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.