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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 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.
onsemi has launched the APM32 series of silicon carbide (SiC) power modules for electric vehicles, designed to enhance onboard charging efficiency and performance. These modules are tailored for high-power onboard chargers (11-22kW) and feature low switching losses, improved thermal resistance, and high voltage isolation for 800V systems. The modules, capable of operating at 175°C, aim to increase charging speed and operating range for consumers. The series includes different configurations for onboard charging and power factor correction, adhering to stringent automotive standards.
onsemi (Nasdaq: ON) has inaugurated its expanded silicon carbide (SiC) fab in Roznov, Czech Republic, boosting wafer production capacity by 16 times within two years to meet growing microchip demand. The project will create 200 jobs by the end of 2024 and involves an investment of over $450 million, with more than $150 million already allocated. This expansion enhances onsemi's manufacturing efficiency and supply chain control for SiC solutions, crucial for electric vehicles and energy infrastructure, reinforcing the company's commitment to sustainable technology.
onsemi has announced a partnership with ARRI to develop a customized high-end CMOS sensor for the new ALEXA 35 camera, featuring a resolution of 4608x3164 pixels and capable of 120 frames per second. This collaboration highlights onsemi's strengths in sensor technology, specifically in high dynamic range imaging, enhancing color experience and image quality for cinematography.
With over 22 years of collaboration, this partnership underscores onsemi's commitment to the film industry and its innovative solutions, contributing to significant cinematic projects.
onsemi (Nasdaq: ON) reported record Q2 2022 revenue of $2,085 million, up 25% year-over-year. The company achieved a GAAP gross margin of 49.7% and a non-GAAP operating margin of 34.5%. Diluted earnings per share (EPS) reached $1.02, compared to $0.42 in Q2 2021, while non-GAAP EPS more than doubled to $1.34. The third-quarter outlook projects revenue between $2,070 and $2,170 million, with a diluted EPS forecast of $1.23 to $1.35. CEO Hassane El-Khoury highlighted the firm’s resilience amid market dynamics and its strong position in vehicle electrification and automation.
onsemi (Nasdaq: ON) will announce its Q2 financial results on August 1, 2022, prior to market opening. A conference call will be held at 9 a.m. ET on the same day, accessible via a live webcast through the Investor Relations section on their website. A replay of the call will be available for 30 days post-broadcast. onsemi focuses on automotive and industrial sectors, advancing trends in vehicle electrification, sustainable energy, and industrial automation. The company is part of the Fortune 500 and S&P 500 indices.
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