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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 (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.
onsemi (Nasdaq: ON) has launched the innovative NCS32100 rotary position sensor, designed for industrial applications to enhance speed and accuracy. This dual-inductive sensor achieves +/-50 arcsec accuracy at 6,000 RPM, supporting speeds up to 100,000 RPM. Incorporating a built-in microcontroller, it outputs absolute position and velocity, streamlining design and reducing external components. Its robust features include low sensitivity to contamination and mechanical vibration, making it ideal for fast-moving environments. The NCS32100 is available now, with reference designs to support rapid development.
onsemi (Nasdaq: ON) has introduced a new series of MOSFET devices featuring innovative top-side cooling technology. This advancement is aimed at enhancing power density in automotive applications, particularly for motor control and DC/DC conversion. The TCPAK57 package, measuring 5mm x 7mm, incorporates a 16.5mm² thermal pad that dissipates heat directly into a heatsink. The devices deliver high electrical efficiency, with low RDS(ON) values of up to 1mΩ, and are designed for demanding automotive conditions. Full-scale manufacturing is slated for January 2023.
onsemi (Nasdaq: ON) has partnered with Mercedes-Benz to supply high-efficiency silicon carbide (SiC) power modules, enhancing the VISION EQXX's traction inverter. This collaboration boosts EV range by up to 10%, setting a record of 1,202 km (747 miles) on a single charge. The vehicle achieves remarkable energy efficiency, consuming under 10 kWh per 100 km, thanks to its innovative design and SiC technology, which improves heat dissipation and power output. onsemi is positioned as a leading supplier in SiC solutions, ensuring supply assurance and scalability.
onsemi (Nasdaq: ON) has partnered with Arrow McLaren SP for the 2023 NTT INDYCAR SERIES, featuring Felix Rosenqvist's No. 6 Chevrolet. This collaboration emphasizes the use of onsemi's intelligent technologies in race car design for improved efficiency and safety. The partnership includes onsemi branding across multiple races, aligning with McLaren's focus on innovation and sustainability. CEO Hassane El-Khoury highlighted this initiative as a chance to enhance automotive safety and efficiency, leveraging racing technology for consumer markets.
onsemi reported record revenue of $2,192.6 million for Q3 2022, marking a 26% year-over-year increase. The company achieved a GAAP gross margin of 48.3% and a non-GAAP operating margin of 35.4%, an increase of 1,100 bps year-over-year. While GAAP diluted EPS remained steady at $0.70, non-GAAP diluted EPS rose to $1.45 from $0.87 a year ago. Free cash flow reached $731 million, with a 21.0% free cash flow margin. The company expects Q4 2022 revenue between $2,010 million and $2,140 million.
onsemi (Nasdaq: ON) has announced a collaboration with Israel-based Ride Vision to enhance motorcycle safety through advanced technology. This partnership introduces the Collision Aversion Technology™ (CAT), utilizing onsemi's AR0147AT sensors for real-time collision alerts. The system is designed for two- and three-wheeled vehicles and allows riders to customize alerts via a mobile app. This innovation addresses increasing motorcycle fatalities and aims to provide riders with safer road conditions.
onsemi (Nasdaq: ON) will announce its third-quarter financial results for the period ending September 30, 2022, before the market opens on October 31, 2022. A conference call is scheduled for 9 a.m. ET on October 31, allowing investors to discuss the results. Access will be available through a live webcast on the company’s website and via teleconference registration. onsemi focuses on automotive and industrial markets, driving innovation in areas like vehicle electrification and industrial automation.
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