On Semiconductor Corp - ON share price

About

ON Semiconductor Corporation (ON), headquartered in Scottsdale, Arizona, is a leading provider of intelligent power and sensing technologies that enable the electrification and automation of modern industries. Founded in 1999 as a spinoff from Motorola, the company has evolved into a global semiconductor powerhouse and operates a responsive, reliable supply chain and quality programs, and robust ESG programs. ON’s core mission centers around driving a sustainable future through efficient power management and advanced sensor solutions and components fundamental to electric vehicles (EVs), advanced driver assistance systems (ADAS), robotics, and data centers. The company has a global network of manufacturing facilities, sales and marketing offices and engineering centers in its key markets. ON’s technology portfolio consists of power semiconductors, analog and mixed-signal ICs, image sensors, and intelligent power modules designed to optimize energy efficiency. The silicon carbide (SiC) power devices have helped position the company at the forefront of EV and renewable energy systems while offering a slew of advantages over the traditional silicon-based components. The company is responsible for disruptive innovations to help build a better future with a focus on automotive and industrial end-markets, and accelerating change in related megatrends. ON’s sales model is a hybrid model combining direct sales, distribution channels, and long-term partnerships with the likes of Tesla, BMW, and Hyundai. The company has strategically shifted away from legacy consumer and commodity markets to focus on higher margin applications, an approach transformation that has strengthened profitability and reduced cyclicality.