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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 Corporation (Nasdaq: ON) will announce its Q1 2021 financial results on May 3, 2021, before the market opens. A conference call will follow at 9 a.m. EDT, accessible via a webcast or teleconference. Investors can join the call using the provided numbers and Conference ID 5398970. The company focuses on energy-efficient electronics and seeks to be the supplier of choice for various technological applications.
On March 8, 2021, Digi-Key Electronics was awarded ON Semiconductor's Global High Service Distributor for 2020, marking the second consecutive year for this recognition. The award acknowledges Digi-Key for leading channel sales, increasing market share, and achieving excellence in operations within the semiconductor market. Jeff Thomson from ON Semiconductor credited channel partners for their role in sales growth and customer support. With approximately 60% of ON Semiconductor's sales from distribution, this partnership is crucial for enhancing market penetration and revenue growth.
ON Semiconductor (Nasdaq: ON) has been named one of the 2021 World’s Most Ethical Companies by Ethisphere for the sixth consecutive year, highlighting its commitment to ethical business practices. The company is recognized as one of only three honorees in the semiconductor sector. CEO Hassane El-Khoury emphasized the importance of ethics and responsible operations amid evolving market challenges. ON Semiconductor also ranks as the highest-rated semiconductor company in Barron’s 100 Most Sustainable Companies, moving up to No. 10, reflecting its dedication to sustainability and ethical governance.
ON Semiconductor (NASDAQ: ON) will host its Financial Analyst Day on August 5, 2021, featuring key presentations on the company’s strategy, direction, and financial outlook. Attendance is by invitation only, with further details provided prior to the event. A real-time webcast will be available on the company's investor website, along with a replay accessible for approximately 30 days post-event. The event highlights ON's commitment to energy-efficient innovations across various sectors, including automotive and industrial applications.
ON Semiconductor has introduced a new range of silicon carbide (SiC) MOSFET devices aimed at enhancing power density, efficiency, and reliability in demanding applications. The 650V SiC MOSFETs provide superior switching performance and improved thermal management compared to silicon alternatives, making them suitable for electric vehicle on-board chargers, solar inverters, and server power supply units. These devices are noted for their low Rdson of 12 mOhm and enhanced durability, offering engineers solutions for challenging design criteria related to efficiency and reliability.
ON Semiconductor (Nasdaq:ON) has launched the RSL10 Smart Shot Camera, a cutting-edge device combining cloud-based AI with ultra-low-power image capture. This innovative camera enables smart IoT applications for surveillance, factory automation, and smart agriculture, among others. The platform integrates ON’s technologies, including the RSL10 SIP with Bluetooth Low Energy, allowing devices to automatically capture and analyze images based on environmental triggers. The camera aims to enhance safety and efficiency in various settings and is currently available through authorized distributors.
Avnet (Nasdaq: AVT) and ON Semiconductor (Nasdaq: ON) have collaborated to streamline the development of Internet of Things (IoT) devices. Their framework simplifies the creation of IoT-enabled products through rapid prototyping solutions and Avnet’s IoTConnect® Platform, powered by Microsoft® Azure. The initial offering includes the RSL10 Sensor Development Kit, featuring low-power Bluetooth® technology and various environmental sensors. This partnership aims to reduce complexity for original equipment manufacturers (OEMs), allowing faster market delivery and improved product differentiation.
ON Semiconductor Corporation (Nasdaq: ON) reported its fourth quarter and fiscal year 2020 results. Fourth quarter revenue reached $1,446.3 million, marking a 3% increase year-over-year. The company posted a GAAP diluted EPS of $0.21 and a Non-GAAP diluted EPS of $0.35, both up from last year. Automotive revenue hit a record $491 million. Operating cash flow rose to $884.3 million, while free cash flow increased to $500.7 million. For Q1 2021, the company anticipates revenue between $1,410 and $1,510 million.
ON Semiconductor (Nasdaq: ON) announces the appointment of Thad Trent as executive vice president and chief financial officer, effective February 16, 2021. Trent, a 30-year finance veteran, previously served as CFO at Cypress Semiconductor, leading revenue growth from $723 million to $2.5 billion. Bernard Gutmann, the outgoing CFO, will retire after nearly four decades, transitioning to an advisory role until April 2021. The company also welcomes Dr. Wei-Chung Wang as executive vice president of manufacturing and operations following Bill Schromm's retirement.
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