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.
On Semiconductor (ON) provides energy-efficient semiconductor solutions powering innovations across automotive, industrial, and emerging technologies. This news hub offers investors and industry professionals centralized access to official announcements and market developments.
Track critical updates including quarterly earnings, strategic partnerships, product launches, and operational milestones. Our curated collection ensures timely access to information impacting ON's position in power management systems, automotive image sensors, and industrial automation solutions.
Discover updates on ON's hybrid manufacturing strategy, supply chain initiatives, and advancements in energy-efficient semiconductor design. Content spans regulatory filings, executive commentary, and technology breakthroughs relevant to automotive electrification and smart manufacturing trends.
Bookmark this page for ongoing insights into ON's role in enabling sustainable technologies through semiconductor innovation. Verify time-sensitive details directly with company filings and official channels.
onsemi has acquired SWIR Vision Systems to enhance its intelligent sensing product portfolio. SWIR Vision Systems specializes in CQD® short wavelength infrared technology, extending the detectable light spectrum for advanced imaging capabilities. This acquisition will integrate SWIR's patented technology with onsemi's CMOS sensors, creating cost-effective, high-volume SWIR sensors for industrial, automotive, and defense applications.
SWIR technology, traditionally by high costs and complex manufacturing, will now benefit from onsemi's expertise, resulting in more compact and affordable imaging systems. The acquisition will not significantly impact onsemi's near to midterm financial outlook.
onsemi plans to invest up to $2 billion in establishing a silicon carbide (SiC) manufacturing facility in the Czech Republic. This multi-year investment aims to build a vertically integrated SiC production site to meet the rising demand for energy-efficient semiconductors in electric vehicles, renewable energy, and AI data centers. The project, among the largest private sector investments in the Czech Republic, will significantly enhance the region's semiconductor supply chain. The new facility is expected to contribute over $270 million annually to the Czech GDP. The investment aligns with the European Chips Act, aiming to strengthen EU's semiconductor market share and technological capabilities.
onsemi has introduced a new power solution combining their T10 PowerTrench® family and EliteSiC 650V MOSFETs, aiming to enhance energy efficiency in data centers.
This technological innovation addresses the rising energy demands of AI workloads, potentially reducing global data center energy consumption by 10 TWh annually. The new MOSFETs offer superior switching performance, reduced energy loss, and better thermal management, while the T10 PowerTrench Family supports high currents with increased power density.
This solution complies with the Open Rack V3 specifications and automotive standards, indicating robustness and reliability for high-power applications.
onsemi reported first-quarter 2024 results exceeding expectations with revenue of $1.86 billion, GAAP gross margin of 45.8%, and non-GAAP gross margin of 45.9%. The company saw GAAP operating margin of 28.2% and non-GAAP operating margin of 29.0%. Diluted earnings per share were $1.04 for GAAP and $1.08 for non-GAAP. onsemi returned 100% of free cash flow to shareholders through stock repurchases. The company remains focused on growth in the power and sensing technologies sector, positioning itself for long-term success.
FAQ
What is the current stock price of On Semiconductr (ON)?
What is the market cap of On Semiconductr (ON)?
