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 (Nasdaq: ON) announces the appointment of Thad Trent as executive vice president and chief financial officer, effective February 16, 2021. Trent, a 30-year finance veteran, previously served as CFO at Cypress Semiconductor, leading revenue growth from $723 million to $2.5 billion. Bernard Gutmann, the outgoing CFO, will retire after nearly four decades, transitioning to an advisory role until April 2021. The company also welcomes Dr. Wei-Chung Wang as executive vice president of manufacturing and operations following Bill Schromm's retirement.
ON Semiconductor has launched the Quuppa Intelligent Locating System, utilizing the RSL10 System on Chip (SoC) to enhance indoor asset tracking with Direction Finding and Angle of Arrival technologies. This solution supports real-time tracking with centimeter-level accuracy, operating at 50 updates per second. It is part of a broader asset management ecosystem, including partnerships for Bluetooth tags and beacons. This innovation aims to improve operational efficiencies across various industries, addressing the growing demand for Real-Time Locating Systems (RTLS).
ON Semiconductor Corporation (Nasdaq: ON) will announce its financial results for Q4 2020 on February 1, 2021, before the market opens. Following the announcement, a conference call will be held at 9 a.m. EST. Investors can join via webcast or teleconference. The company specializes in energy-efficient semiconductor solutions across various applications, including automotive and industrial sectors.
ON Semiconductor announced the appointment of Gregory L. Waters and Bruce E. Kiddoo to its Board of Directors, effective December 17, 2020. Waters, an experienced semiconductor executive, previously served as CEO of Integrated Device Technology, while Kiddoo brings 25 years of financial expertise from Maxim Integrated and Broadcom. Emmanuel T. Hernandez is retiring after 18 years on the Board. The Chairman expressed excitement over the new appointments, emphasizing their potential to enhance the company's strategic direction and shareholder value.
ON Semiconductor has announced the appointment of Hassane El-Khoury as the new president and CEO, effective December 7, 2020. This change follows Keith Jackson's retirement after leading the company through significant growth, expanding from $1.2 billion to $5.5 billion. El-Khoury, previously the CEO of Cypress Semiconductor, aims to enhance ON's position in automotive, industrial, and IoT markets. The transition is expected to reinforce stakeholder value and financial performance while Jackson remains as an advisor until May 2021 for a smooth leadership handover.
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ON Semiconductor (Nasdaq: ON) has partnered with Theta Power Systems International to enhance motor control solutions for applications transitioning to brushless DC (BLDC) motors. This collaboration aims to address the significant energy consumption of traditional motors, which account for approximately 45% of global electricity use. The two companies will develop hardware and software solutions that promote efficiency in HVAC, appliances, and pool pumps, aligning with regulatory demands for reduced energy usage. This partnership is expected to accelerate the adoption of three-phase BLDC technology, enhancing customer market reach and reducing engineering costs.
ON Semiconductor has launched its advanced Motor Development Kit (MDK), aimed at enhancing energy-efficient motor control solutions from 1 kW to over 10 kW. Electric motors, which consume over half the power generated in industrialized countries, often operate at an average efficiency of just 44%. The MDK includes a Universal Controller Board and various Power Boards, facilitating flexible motor control evaluation. Key components like the Zynq-7000 SoC from Xilinx enhance its capabilities. The first two Power Boards will be available in Q4 2020, with more planned for Q1 2021.
ON Semiconductor Corporation reported third quarter 2020 revenue of $1,317.3 million, down 5% year-over-year but up 9% sequentially. Gross profit decreased 7% year-over-year to $441.2 million, while net income rose significantly to $160.6 million compared to a net loss of $60.7 million in the prior year. The company anticipates fourth quarter revenue between $1,300 million to $1,400 million and gross margins of 32.9% to 34.9%. Growth is expected across automotive and industrial markets as demand trends normalize.
ON Semiconductor (Nasdaq: ON) has unveiled its expanded XGS family of image sensors, which features high-performance, low-noise products ideal for industrial applications and IoT. New models include the XGS 45000, XGS 30000, XGS 20000, and XGS 5000, offering up to 45 Mp resolution and 60 fps in 8K video mode. These sensors support various applications, including machine vision and Intelligent Transportation Systems, with a global shutter to prevent motion artifacts. Leading manufacturers like Teledyne Imaging and JAI A/S have already integrated the new technology into their products.