Welcome to our dedicated page for ON Semiconductor news (Ticker: ON), a resource for investors and traders seeking the latest updates and insights on ON Semiconductor stock.
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.
onsemi plans to invest up to $2 billion in establishing a silicon carbide (SiC) manufacturing facility in the Czech Republic. This multi-year investment aims to build a vertically integrated SiC production site to meet the rising demand for energy-efficient semiconductors in electric vehicles, renewable energy, and AI data centers. The project, among the largest private sector investments in the Czech Republic, will significantly enhance the region's semiconductor supply chain. The new facility is expected to contribute over $270 million annually to the Czech GDP. The investment aligns with the European Chips Act, aiming to strengthen EU's semiconductor market share and technological capabilities.
onsemi has introduced a new power solution combining their T10 PowerTrench® family and EliteSiC 650V MOSFETs, aiming to enhance energy efficiency in data centers.
This technological innovation addresses the rising energy demands of AI workloads, potentially reducing global data center energy consumption by 10 TWh annually. The new MOSFETs offer superior switching performance, reduced energy loss, and better thermal management, while the T10 PowerTrench Family supports high currents with increased power density.
This solution complies with the Open Rack V3 specifications and automotive standards, indicating robustness and reliability for high-power applications.
onsemi reported first-quarter 2024 results exceeding expectations with revenue of $1.86 billion, GAAP gross margin of 45.8%, and non-GAAP gross margin of 45.9%. The company saw GAAP operating margin of 28.2% and non-GAAP operating margin of 29.0%. Diluted earnings per share were $1.04 for GAAP and $1.08 for non-GAAP. onsemi returned 100% of free cash flow to shareholders through stock repurchases. The company remains focused on growth in the power and sensing technologies sector, positioning itself for long-term success.
FAQ
What is the current stock price of ON Semiconductor (ON)?
What is the market cap of ON Semiconductor (ON)?
What industries does ON Semiconductor serve?
What are the key products offered by ON Semiconductor?
What recent strategic focus has ON Semiconductor adopted?
How is ON Semiconductor positioned in the automotive market?
Where are ON Semiconductor’s manufacturing and design centers located?
What is ON Semiconductor's approach to manufacturing?
How does ON Semiconductor support engineers with their design challenges?
What is ON Semiconductor's mission?
What makes ON Semiconductor's supply chain notable?
What are some emerging applications ON Semiconductor is focusing on?
