On Semiconductr Stock Price, News & Analysis

onsemi (Nasdaq: ON) has inaugurated its expanded silicon carbide (SiC) fab in Roznov, Czech Republic, boosting wafer production capacity by 16 times within two years to meet growing microchip demand. The project will create 200 jobs by the end of 2024 and involves an investment of over $450 million, with more than $150 million already allocated. This expansion enhances onsemi's manufacturing efficiency and supply chain control for SiC solutions, crucial for electric vehicles and energy infrastructure, reinforcing the company's commitment to sustainable technology.

onsemi has announced a partnership with ARRI to develop a customized high-end CMOS sensor for the new ALEXA 35 camera, featuring a resolution of 4608x3164 pixels and capable of 120 frames per second. This collaboration highlights onsemi's strengths in sensor technology, specifically in high dynamic range imaging, enhancing color experience and image quality for cinematography.

With over 22 years of collaboration, this partnership underscores onsemi's commitment to the film industry and its innovative solutions, contributing to significant cinematic projects.

onsemi (Nasdaq: ON) reported record Q2 2022 revenue of $2,085 million, up 25% year-over-year. The company achieved a GAAP gross margin of 49.7% and a non-GAAP operating margin of 34.5%. Diluted earnings per share (EPS) reached $1.02, compared to $0.42 in Q2 2021, while non-GAAP EPS more than doubled to $1.34. The third-quarter outlook projects revenue between $2,070 and $2,170 million, with a diluted EPS forecast of $1.23 to $1.35. CEO Hassane El-Khoury highlighted the firm’s resilience amid market dynamics and its strong position in vehicle electrification and automation.

onsemi (Nasdaq: ON) will announce its Q2 financial results on August 1, 2022, prior to market opening. A conference call will be held at 9 a.m. ET on the same day, accessible via a live webcast through the Investor Relations section on their website. A replay of the call will be available for 30 days post-broadcast. onsemi focuses on automotive and industrial sectors, advancing trends in vehicle electrification, sustainable energy, and industrial automation. The company is part of the Fortune 500 and S&P 500 indices.

onsemi (Nasdaq: ON) has announced that NIO Inc. will utilize its latest VE-Trac™ Direct silicon carbide (SiC) power modules for next-generation electric vehicles. This collaboration aims to enhance vehicle range, efficiency, and acceleration, marking a significant step in SiC technology commercialization. The VE-Trac module features advanced performance metrics with a low turn-on resistance of 1.7 mohm, facilitating improved torque and power output. This partnership underscores onsemi's commitment to supporting the electric vehicle market.

onsemi reported a record revenue of $1,945.0 million for Q1 2022, a 31% increase year-over-year. The GAAP diluted earnings per share hit $1.18, up from $0.20 in Q1 2021, while non-GAAP EPS rose to $1.22 from $0.35. The gross margin reached a record 49.4%, an increase of 1,420 basis points year-over-year. The company projects Q2 2022 revenue between $1,965 million and $2,065 million, with expected diluted EPS of $1.13 to $1.25. The automotive and industrial sectors now account for 65% of the revenue, showcasing a strong growth trajectory.

onsemi (Nasdaq: ON) will announce its first quarter financial results on May 2, 2022, prior to market opening. A conference call will be held at 9 a.m. ET on the same day for investors and interested parties. Participants can access the call via a live webcast on the company's Investor Relations website or through a teleconference by dialing the specified numbers. The re-broadcast of the call will be available about an hour after the live event and will remain accessible for 30 days.

onsemi (Nasdaq: ON) has been named one of the World’s Most Ethical Companies in 2022 by Ethisphere, marking its seventh consecutive year on this prestigious list. The selection highlights onsemi's commitment to ethics, governance, and corporate responsibility, with the company recognized in a field of 136 honorees across 22 countries and 45 industries. Additionally, onsemi's efforts in environmental, social, and governance (ESG) practices have earned it spots on various sustainability lists, including Barron’s 100 Most Sustainable Companies and Corporate Knights’ Clean200.