On Semiconductr Stock Price, News & Analysis

onsemi has received validation from the Science Based Targets initiative (SBTi) for its near-term greenhouse gas emission reduction targets. The company commits to reduce absolute scope 1 and 2 GHG emissions by 58.8% and scope 3 GHG emissions by 35.0% by 2034 from a 2022 base year.

These reductions would result in approximately one million metric tons of CO2 equivalent (MTCO2e) fewer emissions for scope 1 and 2, and 80,000 MTCO2e fewer emissions for scope 3. The company plans to achieve these targets through process gas management, point-of-use abatement tools, deep decarbonization, energy conservation strategies, and supplier engagement.

Additionally, onsemi has committed that 71.3% of its suppliers by emissions will have science-based targets by 2029.

onsemi (Nasdaq: ON) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Monday, February 10, 2025. The company will hold a conference call at 9 a.m. Eastern Time on the same day to discuss the results.

Investors and interested parties can participate through two channels: a live webcast available through the company's Investor Relations website section, which will remain accessible for 30 days after the event, or via teleconference by pre-registering through the provided link.

onsemi has completed the acquisition of Qorvo's Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, for $115 million in cash. The acquisition expands onsemi's market opportunity by $1.3 billion by 2030 and strengthens its position in high and mid voltage power semiconductors.

The SiC JFET technology will complement onsemi's EliteSiC power portfolio, addressing efficiency needs in AI data centers' power supply units. In electric vehicle applications, it improves efficiency and safety through solid-state switches in battery disconnect units. The technology also enables energy storage topologies and solid-state circuit breakers in industrial applications.

onsemi (ON) and DENSO announced a strengthened partnership to support the procurement of autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies. The collaboration builds on their decade-long relationship where onsemi has supplied DENSO with intelligent automotive sensors. As part of this enhanced partnership, DENSO plans to acquire onsemi shares on the open market. The collaboration aims to improve vehicle intelligence and connectivity while helping reduce traffic accident fatalities.

onsemi has announced an agreement to acquire Qorvo's Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, for $115 million in cash. The acquisition is expected to expand onsemi's market opportunity by $1.3 billion within 5 years.

The deal will enhance onsemi's EliteSiC power portfolio, specifically addressing high energy efficiency needs in AI data center power supply units. SiC JFETs offer the lowest on-resistance per chip area, using less than half of any other technology, and are compatible with off-the-shelf drivers. These benefits enable faster development, reduced energy consumption, and lower system costs.

The transaction is expected to close in Q1 2025, subject to customary conditions.

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.