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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.
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.
ON Semiconductor has launched the Quuppa Intelligent Locating System, utilizing the RSL10 System on Chip (SoC) to enhance indoor asset tracking with Direction Finding and Angle of Arrival technologies. This solution supports real-time tracking with centimeter-level accuracy, operating at 50 updates per second. It is part of a broader asset management ecosystem, including partnerships for Bluetooth tags and beacons. This innovation aims to improve operational efficiencies across various industries, addressing the growing demand for Real-Time Locating Systems (RTLS).
ON Semiconductor Corporation (Nasdaq: ON) will announce its financial results for Q4 2020 on February 1, 2021, before the market opens. Following the announcement, a conference call will be held at 9 a.m. EST. Investors can join via webcast or teleconference. The company specializes in energy-efficient semiconductor solutions across various applications, including automotive and industrial sectors.
ON Semiconductor announced the appointment of Gregory L. Waters and Bruce E. Kiddoo to its Board of Directors, effective December 17, 2020. Waters, an experienced semiconductor executive, previously served as CEO of Integrated Device Technology, while Kiddoo brings 25 years of financial expertise from Maxim Integrated and Broadcom. Emmanuel T. Hernandez is retiring after 18 years on the Board. The Chairman expressed excitement over the new appointments, emphasizing their potential to enhance the company's strategic direction and shareholder value.
ON Semiconductor has announced the appointment of Hassane El-Khoury as the new president and CEO, effective December 7, 2020. This change follows Keith Jackson's retirement after leading the company through significant growth, expanding from $1.2 billion to $5.5 billion. El-Khoury, previously the CEO of Cypress Semiconductor, aims to enhance ON's position in automotive, industrial, and IoT markets. The transition is expected to reinforce stakeholder value and financial performance while Jackson remains as an advisor until May 2021 for a smooth leadership handover.
ON Semiconductor (Nasdaq: ON) has partnered with Theta Power Systems International to enhance motor control solutions for applications transitioning to brushless DC (BLDC) motors. This collaboration aims to address the significant energy consumption of traditional motors, which account for approximately 45% of global electricity use. The two companies will develop hardware and software solutions that promote efficiency in HVAC, appliances, and pool pumps, aligning with regulatory demands for reduced energy usage. This partnership is expected to accelerate the adoption of three-phase BLDC technology, enhancing customer market reach and reducing engineering costs.
ON Semiconductor has launched its advanced Motor Development Kit (MDK), aimed at enhancing energy-efficient motor control solutions from 1 kW to over 10 kW. Electric motors, which consume over half the power generated in industrialized countries, often operate at an average efficiency of just 44%. The MDK includes a Universal Controller Board and various Power Boards, facilitating flexible motor control evaluation. Key components like the Zynq-7000 SoC from Xilinx enhance its capabilities. The first two Power Boards will be available in Q4 2020, with more planned for Q1 2021.
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