ON Semiconductor is in a slump, but it's navigating difficult times in admirable fashion. One of the leading producers of silicon carbide (SiC) power chips, ON Semiconductor (ON 1.70%), is in the midst of a slump. The company -- one of the biggest manufacturers of SiC chips along with STMicroelectronics and Wolfspeed -- is forecasting a tumble in revenue through at least the first half of 2024 because of a slowdown in electric vehicle (EV) sales. Shares are just above their low point of the past year. That ...