On Semiconductr Stock Price, News & Analysis

onsemi (Nasdaq: ON) has entered a long-term supply agreement with ZEEKR to provide its EliteSiC silicon carbide power devices. This collaboration aims to enhance the efficiency of ZEEKR's electric vehicles (EVs) and improve performance metrics including charging speed and driving range. The EliteSiC MOSFET devices will significantly reduce the size and weight of traction inverters while boosting power and thermal efficiency. ZEEKR, a premium EV brand from Geely, has ambitious growth plans and will leverage this tech to offer lower carbon emissions. The agreement is expected to strengthen the supply chain over the next decade, enabling both companies to meet the growing demand in the EV market.

onsemi (Nasdaq: ON) is set to announce its financial results for Q1 2023 on May 1, 2023, before market open. A conference call will follow at 9 a.m. ET on the same day. Interested parties can access the call via webcast or teleconference by pre-registering online. onsemi focuses on automotive and industrial sectors, driving innovations in vehicle electrification, sustainable energy, and 5G infrastructures. The company is included in the Fortune 500 and S&P 500, emphasizing its significant market position and commitment to technological advancements.

onsemi has launched industry-first simulation tools for its EliteSiC Silicon Carbide product family, enhancing their application in power electronics. The new Elite Power Simulator and Self-Service PLECS Model Generator provide valuable insights through early-stage system-level simulations, significantly reducing hardware testing costs. These tools allow engineers to generate high-fidelity PLECS models tailored for complex applications, particularly for soft switching designs. The launch aims to expedite product development and optimize performance within technology limits, marking a significant advancement for the power electronics industry.

onsemi (Nasdaq: ON) has introduced the NCV-RSL15, an ultra-low power automotive-grade wireless microcontroller equipped with Bluetooth Low Energy connectivity. This innovation aims to meet the rising demand for wireless connectivity in vehicles while addressing security concerns linked to increased sensor usage. The NCV-RSL15 boasts the industry's lowest power consumption, enabling a 10-year battery life, making it ideal for applications like Tire Monitoring Systems and portable remote access devices. It features advanced security protocols, including Arm CryptoCell technology, ensuring protection against unauthorized access. The device is supported by a robust software development kit.

onsemi (Nasdaq: ON) has committed to the Science Based Target Initiative (SBTi) as part of its strategy to achieve net zero emissions by 2040. The company submitted a commitment letter to SBTi, initiating a 24-month goal validation process. This move includes setting near-term science-based emission reduction targets to ensure global temperatures do not exceed 1.5°C. The approved targets will be published by December 2024, enhancing transparency and investor confidence. The initiative is expected to align onsemi's growth with sustainable practices, providing a competitive edge in meeting customer emission reduction goals.