Welcome to our dedicated page for On Semiconductr news (Ticker: ON), a resource for investors and traders seeking the latest updates and insights on On Semiconductr stock.
News and filings about onsemi (ON) highlight its role in semiconductor and related device manufacturing for automotive, industrial, AI data center, and advanced imaging markets. The company’s news flow frequently centers on intelligent power and sensing technologies, reflecting its focus on vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure.
Recent announcements describe new collaborations in gallium nitride (GaN) power devices, including agreements with GlobalFoundries and a memorandum of understanding with Innoscience. These items explain how onsemi is working to expand its GaN portfolio across low, medium, and high voltages and to scale manufacturing on 200mm GaN-on-silicon processes. News coverage details target applications such as AI data centers, electric vehicles, renewable energy, industrial systems, telecom infrastructure, consumer power supplies, and aerospace, defense, and security systems.
Other news focuses on automotive power solutions, such as the adoption of onsemi’s PowerTrench T10 MOSFET technology by FORVIA HELLA for advanced automotive platforms, and on AI data center power management, including the acquisition of rights to Vcore power technologies from Aura Semiconductor. onsemi also issues regular updates on quarterly financial results, share repurchase authorizations, and strategic manufacturing and restructuring decisions, which are of interest to investors tracking ON stock.
Visitors to this news page can review company press releases, partnership announcements, technology platform updates like the Treo ROIC platform, and financial communications that together provide a detailed picture of how onsemi is positioning its power and sensing portfolio across automotive, industrial, AI data center, and high-reliability imaging markets.
ON Semiconductor Corporation reported a strong first quarter of 2021 with revenue reaching $1,481.7 million, a 16% increase year-over-year. The company achieved a GAAP diluted EPS of $0.20, compared to a loss of $(0.03) a year prior. Non-GAAP diluted EPS improved to $0.35 from $0.10. Gross margin rose to 35.2%, an increase of 370 basis points year-over-year. Automotive revenue peaked at $515 million, up 5% sequentially. The outlook for Q2 2021 suggests estimated revenue between $1,570 million and $1,670 million.
ON Semiconductor Corporation (Nasdaq: ON) will announce its Q1 2021 financial results on May 3, 2021, before the market opens. A conference call will follow at 9 a.m. EDT, accessible via a webcast or teleconference. Investors can join the call using the provided numbers and Conference ID 5398970. The company focuses on energy-efficient electronics and seeks to be the supplier of choice for various technological applications.
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On March 8, 2021, Digi-Key Electronics was awarded ON Semiconductor's Global High Service Distributor for 2020, marking the second consecutive year for this recognition. The award acknowledges Digi-Key for leading channel sales, increasing market share, and achieving excellence in operations within the semiconductor market. Jeff Thomson from ON Semiconductor credited channel partners for their role in sales growth and customer support. With approximately 60% of ON Semiconductor's sales from distribution, this partnership is crucial for enhancing market penetration and revenue growth.
ON Semiconductor (Nasdaq: ON) has been named one of the 2021 World’s Most Ethical Companies by Ethisphere for the sixth consecutive year, highlighting its commitment to ethical business practices. The company is recognized as one of only three honorees in the semiconductor sector. CEO Hassane El-Khoury emphasized the importance of ethics and responsible operations amid evolving market challenges. ON Semiconductor also ranks as the highest-rated semiconductor company in Barron’s 100 Most Sustainable Companies, moving up to No. 10, reflecting its dedication to sustainability and ethical governance.
ON Semiconductor (NASDAQ: ON) will host its Financial Analyst Day on August 5, 2021, featuring key presentations on the company’s strategy, direction, and financial outlook. Attendance is by invitation only, with further details provided prior to the event. A real-time webcast will be available on the company's investor website, along with a replay accessible for approximately 30 days post-event. The event highlights ON's commitment to energy-efficient innovations across various sectors, including automotive and industrial applications.
ON Semiconductor has introduced a new range of silicon carbide (SiC) MOSFET devices aimed at enhancing power density, efficiency, and reliability in demanding applications. The 650V SiC MOSFETs provide superior switching performance and improved thermal management compared to silicon alternatives, making them suitable for electric vehicle on-board chargers, solar inverters, and server power supply units. These devices are noted for their low Rdson of 12 mOhm and enhanced durability, offering engineers solutions for challenging design criteria related to efficiency and reliability.
ON Semiconductor (Nasdaq:ON) has launched the RSL10 Smart Shot Camera, a cutting-edge device combining cloud-based AI with ultra-low-power image capture. This innovative camera enables smart IoT applications for surveillance, factory automation, and smart agriculture, among others. The platform integrates ON’s technologies, including the RSL10 SIP with Bluetooth Low Energy, allowing devices to automatically capture and analyze images based on environmental triggers. The camera aims to enhance safety and efficiency in various settings and is currently available through authorized distributors.
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.