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ON Semiconductor Corp. (NASDAQ: ON), popularly known as onsemi, is at the forefront of energy-efficient innovations. The company’s mission is to empower customers worldwide to reduce global energy use through its wide array of semiconductor-based solutions. With a comprehensive portfolio that includes energy-efficient power and signal management, logic, and both standard and custom devices, ON Semiconductor is a pivotal player in the semiconductor industry.
The company serves a broad spectrum of industries, helping engineers tackle unique design challenges in automotive, communications, computing, consumer, industrial, medical, and military/aerospace applications. Onsemi is particularly recognized for its influential role in the automotive market, being the second-largest power chipmaker globally and the leading supplier of image sensors tailored for automotive applications.
In recent years, ON Semiconductor has shifted its strategic focus to emerging applications such as electric vehicles, autonomous vehicles, industrial automation, and renewable energy. This pivot is in response to growing market demands and technological advancements, positioning the company to capture substantial growth in these high-potential markets.
Onsemi’s operational excellence is reflected in its responsive and reliable supply chain, robust quality programs, and extensive network of manufacturing facilities, sales offices, and design centers spread across North America, Europe, and the Asia-Pacific regions. This global footprint ensures that the company remains close to key markets and can swiftly respond to customer needs.
Financially, ON Semiconductor is in a strong position, continually investing in innovative projects and partnerships. This commitment to growth and excellence is evident in its latest projects and collaborations, aimed at developing cutting-edge solutions that meet the evolving needs of their clientele. Whether through advancements in power semiconductor technology or innovative sensor solutions, ON Semiconductor continues to lead the charge in making the world more energy-efficient.
ON Semiconductor has rebranded as onsemi to reinforce its position as a leader in intelligent power and sensing technologies. The company aims to innovate within the automotive and industrial sectors to address megatrends like vehicle electrification and sustainable energy. Committed to achieving net-zero emissions by 2040, onsemi is focused on delivering market-leading technologies that support customers' climate initiatives. The new tagline, “Intelligent Technology. Better Future.” encapsulates the brand’s vision to solve complex challenges and enhance sustainability.
ON Semiconductor (NASDAQ: ON) will host its Financial Analyst event on August 5, 2021, in New York City. The event aims to present the company’s strategy, technology advancements, and financial outlook. A real-time webcast of the presentations will be available on the Investors page of the company's website starting at 2 PM ET. Institutional investors who haven’t registered should email AnalystDay2021@onsemi.com for an invitation. A replay of the webcast will be accessible for about 30 days post-event.
ON Semiconductor reported a record revenue of $1,669.9 million for Q2 2021, a 38% increase year-over-year. GAAP diluted EPS rose to $0.42, up from $0.00 in the same quarter last year. Non-GAAP diluted EPS increased to $0.63 compared to $0.12 a year ago. Gross margin improved 310 basis points quarter-over-quarter to 38.3%. The company anticipates strong demand in the automotive and industrial sectors, projecting Q3 2021 revenue between $1,660 and $1,760 million.
ON Semiconductor has launched the XGS 16000, a 16 Megapixel CMOS image sensor designed for factory automation including robotics and inspection systems. Operating at just 1 Watt and 65 frames per second, it is recognized for its low power consumption and high performance. The sensor's global shutter technology eliminates motion blur and distortion common in rolling shutter systems, enhancing image quality in critical applications. This new sensor is compatible with standard 29 mm2 camera formats, allowing for versatile camera designs.
ON Semiconductor Corporation (Nasdaq: ON) is set to announce its financial results for Q2 2021, ending July 2, before market opening on August 2, 2021. Following the announcement, a conference call will be hosted at 9 a.m. EDT, where investors can join via a webcast on the company’s website or through a teleconference. The earnings report will provide insights into ON's performance, highlighting its advancements in energy-efficient electronic solutions across various sectors, including automotive and IoT.
ON Semiconductor (NASDAQ: ON) is set to host its Financial Analyst Day on August 5, 2021, in New York City. The event will delve into the company’s strategy, technology advancements, and financial projections.
Institutional investors interested in attending can request an invitation via AnalystDay2021@onsemi.com. The event will be available via a real-time webcast on the Investors page of ON Semiconductor's website, with a replay accessible for 30 days post-event.
ON Semiconductor (Nasdaq: ON) announced that its imaging and LiDAR technologies are integral to AutoX’s Gen5 self-driving platform, showcased at the World Artificial Intelligence Conference. This technology enables fully driverless RoboTaxis aimed at increasing access to autonomous transport. The partnership highlights ON's AR0820AT 8 MP image sensors and SiPM arrays for LiDAR, crucial for urban navigation and safety. AutoX, a leader in Level 4 autonomous driving in China, has secured licenses for RoboTaxis in major cities and California, indicating ongoing advancements in the automated transport sector.
ON Semiconductor Corporation (Nasdaq: ON) has priced a private offering of $700 million in 0% Convertible Senior Notes due 2027, at a premium of approximately 42.5% over the recent stock price. The offering, which may increase to $805 million with an over-allotment option, is expected to close on May 14, 2021. Proceeds will be used for various purposes including repurchasing existing convertible notes, refinancing debt, and general corporate purposes. Notably, the initial conversion price is set at about $52.97 per share. The offering aims to mitigate potential dilution through hedge agreements.
ON Semiconductor plans to offer $700 million in 0% Convertible Senior Notes due 2027, potentially increasing to $805 million if initial purchasers exercise their option. The notes are senior unsecured obligations and will have no regular interest. Proceeds will cover costs related to note hedge transactions, repurchase existing convertible notes, repay credit facility debts, and general corporate purposes. Potential dilution to common stock is anticipated due to these transactions. The offering is not registered under the Securities Act, emphasizing its exclusive nature.
ON Semiconductor Corporation reported a strong first quarter of 2021 with revenue reaching $1,481.7 million, a 16% increase year-over-year. The company achieved a GAAP diluted EPS of $0.20, compared to a loss of $(0.03) a year prior. Non-GAAP diluted EPS improved to $0.35 from $0.10. Gross margin rose to 35.2%, an increase of 370 basis points year-over-year. Automotive revenue peaked at $515 million, up 5% sequentially. The outlook for Q2 2021 suggests estimated revenue between $1,570 million and $1,670 million.
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