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onsemi has been selected as the primary supplier of image sensors for Subaru's next-generation EyeSight stereo-camera front sensing system. The advanced Hyperlux AR0823AT image sensor will serve as the system's 'eyes', featuring whole pixel design and High Dynamic Range (HDR) technology to capture clear images in varying light conditions. The sensors include functional safety features meeting ASIL C standards and special controls for synchronous image capture in stereo vision. This collaboration supports Subaru's goal of achieving zero fatal road accidents by 2030 through enhanced AI-integrated driver assistance systems.

onsemi has launched the Treo Platform, an advanced analog and mixed-signal platform using Bipolar-CMOS-DMOS (BCD) technology on a 65nm node. The platform supports voltage ranges of 1-90V and temperatures up to 175°C, targeting automotive, medical, industrial, and AI data center applications.

The platform enables improved performance in various applications, including enhanced ultrasonic sensor accuracy for automotive park assist, ultra-low-power AFEs for continuous glucose monitoring, and efficient power delivery solutions for data centers. Multiple product families built on Treo are already sampling, including voltage translators, AFEs, LDOs, and various controllers, with manufacturing at onsemi's 300mm fab in East Fishkill, NY.

onsemi (Nasdaq: ON) announced that its East Fishkill wafer fab in New York has received Category 1A Trusted Supplier accreditation from the U.S. Department of Defense's Defense Microelectronics Activity. This certification allows onsemi to produce secure advanced semiconductors for critical aerospace and defense applications. The facility, which is the only 300 mm power discrete and image sensor fab in the U.S., joins onsemi's Gresham, Oregon site as the company's second accredited fab. The accreditation enables onsemi to provide custom-designed, custom-manufactured power and sensing solutions specifically for DoD applications.

onsemi reported Q3 2024 results with revenue of $1,761.9 million, exceeding expectations. The company achieved GAAP gross margin of 45.4% and operating margin of 25.3%. GAAP diluted earnings per share reached $0.93, while non-GAAP EPS was $0.99. The company returned 75% of free cash flow to shareholders through stock repurchases over the last 12 months. For Q4 2024, onsemi projects revenue between $1,710-$1,810 million with gross margin of 43.9-45.9%. Despite a year-over-year revenue decline of 19%, the company saw sequential growth of 2% from Q2 2024.

onsemi (Nasdaq: ON) has announced plans to release its third quarter financial results on Monday, October 28, 2024, before the market opens. The company will host a conference call at 9 a.m. Eastern Time on the same day to discuss the results. Investors and interested parties can access the call through two methods:

1. A live webcast available via the "Investor Relations" section of onsemi's website at http://www.onsemi.com. A re-broadcast will be available approximately one hour after the live broadcast and remain accessible for 30 days.

2. A teleconference which can be accessed by pre-registering through a provided link.

The financial results will cover the quarter ending September 27, 2024.

onsemi (ON) reported Q2 2024 results with revenue of $1,735.2 million, down 17% year-over-year. GAAP gross margin was 45.2% and non-GAAP gross margin was 45.3%. GAAP diluted EPS was $0.78, while non-GAAP diluted EPS reached $0.96. The company highlighted a free cash flow increase of ~$250 million year-over-year and returned ~$650 million to shareholders through stock repurchases over the last twelve months.

For Q3 2024, onsemi projects revenue between $1,700 to $1,800 million and non-GAAP diluted EPS of $0.91 to $1.03. The company remains focused on driving growth through market share gains, investments in strategic markets, and expanding its portfolio of analog and mixed-signal solutions. onsemi also emphasized strengthening its silicon carbide leadership in automotive, as evidenced by a recent supply agreement with Volkswagen Group.

onsemi has signed a multi-year deal with Volkswagen Group to be the primary supplier of a complete power box solution for its next-generation traction inverter. The solution, based on onsemi's EliteSiC M3e platform, features silicon carbide-based technologies in an integrated module scalable across all power levels. This will enable Volkswagen to customize power needs for different vehicles while maximizing efficiency and performance.

The power box solution can handle more power in a smaller package, reducing energy losses and improving system efficiency. Volkswagen will benefit from onsemi's planned expansion of silicon carbide manufacturing in the Czech Republic, establishing an end-to-end production facility in Europe for the traction inverter power system.

onsemi (Nasdaq: ON) has introduced its latest generation silicon carbide technology platform, EliteSiC M3e MOSFETs, to accelerate the global transition to electrification. This new platform significantly improves energy efficiency for power-hungry applications, with the ability to reduce conduction losses by 30% and turn-off losses by up to 50% compared to previous generations.

The EliteSiC M3e MOSFETs offer the industry's lowest specific on-resistance (RSP) with short circuit capability, important for the traction inverter market. They can deliver approximately 20% more output power in the same traction inverter housing or enable designs with 20% less SiC content, reducing costs and allowing for smaller, lighter, and more reliable systems.

onsemi has also unveiled plans to introduce multiple future generations of silicon carbide at an accelerated pace through 2030, applying Moore's Law concepts to SiC development to meet rising global energy demands.

onsemi (Nasdaq: ON) will announce its second-quarter financial results on July 29, 2024. The report will be released before the market opens, detailing the fiscal period ending June 28, 2024. Following the release, a conference call will be held at 9 a.m. Eastern Time (ET) to discuss the results. Stakeholders can access the live webcast via the 'Investor Relations' section of onsemi's website or listen to a rebroadcast of the call, which will be available for 30 days. Pre-registration is required for those opting to join via teleconference.