May 5 (Reuters) - Onsemi forecast second-quarter

revenue above Wall Street expectations on Monday, as demand for

its chips used in electric vehicles remains resilient despite

economic uncertainty brought on by U.S. President Donald Trump's

tariffs on auto imports.

Orders for Onsemi's silicon carbide chips have been helped

in the first quarter by growth in EV sales in China and Europe,

even as a 25% U.S. tariff on auto imports threatens to raise

prices.

Trump's duties, in effect from April 3, may lead to supply

chain disruptions and a jump in car prices by thousands of

dollars, causing several automakers to pull their forecasts.

Onsemi is one of a handful of suppliers of silicon carbide

chips used to extend the range of electric vehicles.

The company last month scrapped its $6.9 billion takeover

offer for smaller rival Allegro MicroSystems ( ALGM ), citing a

reluctance of Allegro's board to fully engage with the proposal.

In February, the chipmaker said it would lay off about 2,400

employees worldwide in 2025.

Onsemi forecast second-quarter revenue between $1.40 billion

and $1.50 billion, the midpoint of which is above analysts'

estimate of $1.42 billion, according to data compiled by LSEG.

It expects second-quarter adjusted earnings per share

between 48 cents and 58 cents, compared with estimates of 52

cents.

The company reported first-quarter revenue of $1.45

billion, beating estimates of $1.40 billion. The revenue,

however, fell 22% from a year ago.