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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.
onsemi has acquired GlobalFoundries’ East Fishkill (EFK) fab, the largest U.S. manufacturing site for the company, effective December 31, 2022. This acquisition enables onsemi to enhance its manufacturing capabilities, retaining over 1,000 jobs at the facility. With significant investments exceeding $1.3 billion, the EFK site will focus on power, analog, and sensing technologies. The facility introduces advanced 300 mm capabilities, including 40 nm and 65 nm technology nodes. onsemi's strategy includes collaborating with GF for R&D while contributing to the local economy and semiconductor workforce development.
onsemi reported impressive financial results for Q4 and the fiscal year 2022, achieving record revenue of $2,103.6 million in Q4, a 14% year-over-year increase. The company also recorded a fiscal year revenue of $8.3 billion, reflecting a 24% growth. Q4 gross margins were 48.5% with a 343 bps year-over-year increase. In a significant move, onsemi's Board approved a $3 billion share repurchase program, emphasizing their commitment to long-term shareholder value.
CEO Hassane El-Khoury highlighted a 38% increase in design wins, indicating strong future prospects.
onsemi (Nasdaq: ON) has announced a strategic agreement with Volkswagen AG to supply semiconductor modules for a complete traction inverter solution tailored for VW’s next-generation electric vehicle (EV) platform. This partnership aims to enhance driving performance and quality in VW vehicles, leveraging onsemi’s EliteSiC 1200 V traction inverter power modules. The collaboration, which builds on over a year of joint development, includes advanced features from onsemi's extensive portfolio, such as IGBTs and MOSFETs, ensuring a robust supply chain for VW's rapidly scaling EV production.
onsemi (Nasdaq: ON) will hold its Financial Analyst Day on May 16, 2023 in New York City. This invitation-only event aims to present the company's strategic plans, direction, and financial outlook. Attendees will receive invitations with further details. The event's presentation materials and a live webcast will be available on the company's Investor Relations webpage, with a replay accessible for approximately 30 days post-event.
Recognized as a Fortune 500 company, onsemi focuses on automotive and industrial sectors, driving innovations in vehicle electrification, sustainable energy, and 5G infrastructure.
onsemi (Nasdaq: ON) plans to announce its fourth-quarter financial results, covering the period ending December 31, 2022, on February 6, 2023, before the market opens. A conference call will follow at 9 a.m. ET on the same day, accessible via webcast and teleconference. Investors can find the webcast on the company’s Investor Relations page, where a re-broadcast will be available for 30 days. onsemi focuses on innovations in automotive and industrial markets, addressing megatrends like vehicle electrification and sustainable energy. It is recognized as a Fortune 500 company and included in the S&P 500 index.
onsemi (Nasdaq: ON) and Ampt LLC have announced a partnership to enhance the performance of DC string optimizers for large-scale photovoltaic and energy storage systems. Ampt will incorporate onsemi's EliteSiC family of silicon carbide technologies, specifically N-Channel SiC MOSFETs, to improve project economics for solar developers. This collaboration aims to fulfill the increasing demand for efficient energy solutions, offering significant cost savings and higher performance. The EliteSiC technology features 80 mΩ RDS(on), low switching losses, and operates at 175°C temperatures.
onsemi (Nasdaq: ON) has announced that its EliteSiC silicon carbide power modules will power Kia Corporation’s EV6 GT model, enhancing the vehicle's performance. The EV accelerates from 0 to 60 mph in just 3.4 seconds, reaching a top speed of 161 mph. The integration of EliteSiC technology improves efficiency while reducing the weight of traction inverters, resulting in a 5% increase in EV range. This collaboration aligns with onsemi’s strategy to support high-volume EV production through its robust SiC supply chain.
onsemi (Nasdaq: ON) has launched its new 1700 V EliteSiC devices, a significant addition to its silicon carbide family, designed for high-efficiency operation in energy infrastructure and industrial applications. These devices include a 1700 V MOSFET and two avalanche-rated diodes, showcased at the Consumer Electronics Show in Las Vegas. The EliteSiC MOSFET features a market-leading gate charge of 200 nC, enhancing efficiency in renewable energy applications. The new devices promise improved performance and reliability, driving onsemi's leadership in the industrial SiC sector.
LA Semiconductor has acquired the Pocatello, Idaho fabrication plant from onsemi (ON) as part of its strategy to enhance chip manufacturing capacity in the U.S. The facility will operate as a pure-play contract manufacturing foundry with a long-term wafer supply agreement with onsemi. This acquisition is backed by financing from Macquarie Group, which sees potential in supporting domestic semiconductor production. LA Semiconductor, established in 2021, aims to meet the growing demand for analog and mixed-signal semiconductors, leveraging the support of the CHIPS and Science Act.
onsemi has finalized the sale of its Niigata, Japan facility to JS Foundry K.K., aligning with its fab-liter strategy to enhance gross margins and decrease fixed costs. This divestiture aims to streamline operations and improve financial predictability. JS Foundry K.K. will continue wafer fabrication at the site under a supply agreement with onsemi, ensuring customer supply continuity. The leadership expressed confidence in the future of the Niigata site under JS Foundry's management, acknowledging the dedication of its employees during the transition.
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