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ON Semiconductor Corp. reports developments tied to onsemi's intelligent power and sensing technologies for automotive, industrial and AI data center end markets. Recurring updates include earnings releases, margin and cash-flow commentary, share repurchases, capital-structure actions, and strategy presentations.
Company news also covers design wins and customer collaborations involving EliteSiC power technology, FS7 insulated-gate bipolar transistor products, hybrid power integrated modules, electric-vehicle platforms, renewable energy systems, solar inverters and energy storage applications.
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.
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.