Veteran analog chip companies like Analog Devices (Nasdaq:ADI) and Linear Technology (Nasdaq:LLTC) are often praised and prized for their strong gross margins, and the new kid on the block ON Semiconductor (Nasdaq:ONNN) would certainly like to join their ranks. While ON has made solid progress in integrating its Sanyo acquisition, the fact remains that the chip sector recovering is proving to be a slow and uncertain one. Although I think ON has a good chance of eventually delivering the goods, and valuation is not terribly demanding, investors are going to need to have some patience with this one.
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