Latest news with #EliteSiC
Yahoo
6 days ago
- Automotive
- Yahoo
onsemi Powers Xiaomi's YU7 Electric SUV Line-Up
onsemi EliteSiC technology enables vehicle to deliver longest driving range in its class Scottsdale, Ariz., Aug. 04, 2025 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced that select Xiaomi YU7 electric SUV models feature an advanced 800V drive platform powered by onsemi's EliteSiC M3e technology. The EliteSiC M3e platform features superior performance and efficiency enabling automakers to design smaller, lighter, and more robust traction systems for electric vehicles (EV). By integrating onsemi's EliteSiC M3e technology into the traction inverter, the platform is able to achieve better performance and power density while reducing overall system cost and unlocking longer range for drivers. With the lowest on-resistance in the industry, onsemi's EliteSiC technology also raises the bar for peak power delivery within a smaller footprint to enable faster acceleration for vehicles without any sacrifice in efficiency and range. 'onsemi's EliteSiC technology delivers industry-leading efficiency, power density, and thermal performance, enabling the development of electric vehicles with longer range, faster acceleration, and greater reliability,' said Simon Keeton, group president, Power Solutions Group, onsemi. 'Our industry-leading silicon carbide technology is redefining what's possible in next-generation electric mobility.' As the global shift toward electrification accelerates, onsemi's EliteSiC solutions continue to power next-generation EVs by enabling higher power density, improved thermal performance, and superior energy efficiency – making longer ranges and higher performance the new standard. ### About onsemionsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world's most complex challenges and leads the way to creating a safer, cleaner and smarter world. onsemi is included in the Nasdaq-100 Index® and S&P 500® index. Learn more about onsemi at and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein. Contact Info Krystal 480-242-6943Sign in to access your portfolio
Toronto Star
24-07-2025
- Automotive
- Toronto Star
onsemi and Schaeffler Expand Collaboration with New EliteSiC-based PHEV Platform
SCOTTSDALE, Ariz., July 24, 2025 (GLOBE NEWSWIRE) — onsemi (Nasdaq: ON) today announced an expanded collaboration with leading motion technology company Schaeffler through a new design win that leverages onsemi's next-generation EliteSiC product line of silicon carbide MOSFETs. The onsemi solution will power the Schaeffler traction inverter for a leading global automaker's cutting-edge plug-in hybrid electric vehicle (PHEV) platform. onsemi's EliteSiC technology offers significantly lower conduction losses and superior short-circuit robustness, enabling a compact, thermally efficient inverter design that enhances overall system performance. This silicon carbide-based solution offers the lowest on-state resistance to provide highest peak power compared to other SiC solutions in its class. These benefits allow Schaeffler to deliver an innovative traction inverter system that achieves measurable benefits to the end customer, including:
Hamilton Spectator
24-07-2025
- Automotive
- Hamilton Spectator
onsemi and Schaeffler Expand Collaboration with New EliteSiC-based PHEV Platform
SCOTTSDALE, Ariz., July 24, 2025 (GLOBE NEWSWIRE) — onsemi (Nasdaq: ON ) today announced an expanded collaboration with leading motion technology company Schaeffler through a new design win that leverages onsemi's next-generation EliteSiC product line of silicon carbide MOSFETs. The onsemi solution will power the Schaeffler traction inverter for a leading global automaker's cutting-edge plug-in hybrid electric vehicle (PHEV) platform. onsemi's EliteSiC technology offers significantly lower conduction losses and superior short-circuit robustness, enabling a compact, thermally efficient inverter design that enhances overall system performance. This silicon carbide-based solution offers the lowest on-state resistance to provide highest peak power compared to other SiC solutions in its class. These benefits allow Schaeffler to deliver an innovative traction inverter system that achieves measurable benefits to the end customer, including: 'The traction inverter is at the heart of every electrified drivetrain, and onsemi's EliteSiC solution plays a vital role in achieving the efficiency and performance targets that our customer demands,' said Christopher Breitsameter, Head of Business Division Controls at Schaeffler. As automakers increasingly prioritize energy efficiency and performance, the industry is turning to more advanced hybrid architectures even in cost-sensitive EV platforms, a market traditionally dominated by insulated-gate bipolar transistors (IGBTs). onsemi's role as an industry leader in silicon carbide positions it at the forefront of this transition, enabling Schaeffler to deliver an EV system that meets stringent performance and packaging requirements. 'As the exclusive silicon carbide supplier for this program, onsemi continues to strengthen its position as a trusted innovation partner for leading global automotive players,' said Simon Keeton, Group President, Power Solutions Group, onsemi. 'Our industry-leading silicon carbide semiconductor technology delivers unmatched efficiency, thermal performance, and power density—key enablers for next-generation electric powertrain systems not only for battery electric vehicles, but also for plug-in hybrid platforms.' This new milestone builds on the existing long-term collaboration between onsemi and Schaeffler (formerly Vitesco Technologies), extending the companies' multi-year collaboration and reinforcing their shared commitment to delivering high-efficiency electric mobility solutions. ### About onsemi onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world's most complex challenges and leads the way to creating a safer, cleaner and smarter world. onsemi is included in the Nasdaq-100 Index® and S&P 500® index. Learn more about onsemi at . onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein. Contact Info Krystal Heaton +1 480-242-6943
Yahoo
26-05-2025
- Business
- Yahoo
ON Semiconductor Plunges 35% YTD: Buy, Sell or Hold the Stock?
ON Semiconductor ON shares have lost 34.5% year to date, underperforming the Zacks Semiconductor - Analog and Mixed industry's decline of 5.9% and the Zacks Computer & Technology sector's 3.7%.The decline in ON Semiconductor's share price can be attributed to weak growth across Power Solutions Group (PSG), Analog and Mixed Signals Group (AMG) and Intelligent Sensing Group (ISG). In the recently concluded first-quarter 2025, PSG revenues (contributed 44.6% to revenues) fell 26.2% year over year. AMG revenues (39.2% of revenues) declined 18.7% year over year, while ISG revenues (16.2% of revenues) saw a decline of 19.7% year over demand in the automotive sector due to geopolitical tensions and a slowdown in EV adoption has negatively impacted ON Semiconductor's growth. In first-quarter 2025, Automotive (52.7% of revenues) revenues fell 25.1% year over year, while Industrial (27.7% of revenues) end-market (including military, aerospace, and medical) revenues declined 16% year over year. However, AI data centers have evolved as a major growth market for ON Semiconductor. In the first quarter of 2025, AI data center revenues more than doubled year over year. The company is leveraging its silicon carbide and silicon-powered devices to gain traction. At the entry point of power into the data center, ON Semiconductor is benefiting from the transition to modular UPS systems with its EliteSiC power module solutions, delivering higher efficiency and power density than traditional silicon solutions. ON expects revenues from UPS to grow between 40% and 50% by 2025. ON Semiconductor Corporation price-consensus-chart | ON Semiconductor Corporation Quote ON Semiconductor is facing stiff competition from industry peers like Magnachip Semiconductor MX, NXP Semiconductors NXPI and Analog Devices ADI. In the year-to-date period, shares of Magnachip Semiconductor, NXP Semiconductors and Analog Devices have declined 8.4%, 7.5% and 0.9%, Devices is benefiting from strong momentum across the industrial and automotive end markets. Strong momentum across the EV space on the back of its robust Battery Management System solutions remains a tailwind. Meanwhile, NXP Semiconductors is benefiting from strong demand for electrification, AI-driven edge computing and secure connectivity solutions. Magnachip Semiconductor is capitalizing on the steady demand in the consumer electronics space, led by its focus on power and display solutions. Owing to reduced demand, ON expects low single-digit price cuts. This is negatively impacting revenues and gross margin. The demand is, however, not expected to pick up in the next few quarters due to global supply chain disruptions and uncertainty around tariff impositions. Hence, the growth outlook remains slow. Alongside, ON Semiconductor is facing the underutilization of its manufacturing capacity due to weak end-market demand. The utilized manufacturing capacity for the first quarter of 2025 remained at 60% and is expected to decline over the next quarter. Lower utilization has led to underabsorption of fixed costs, which is negatively impacting the margins and bottom line. In the first quarter of 2025, gross margin declined by 590 basis points (bps) year over year to 40%. Management expects approximately 900 bps of non-cash underabsorption charges for the second quarter. Both pricing pressure and lower utilization create a significant negative impact on gross margin. For the second quarter of 2025, ON Semiconductor expects revenues between $1.40 billion and $1.50 billion. Non-GAAP earnings for the second quarter of 2025 are envisioned between 48 cents per share and 58 cents per share. The Zacks Consensus Estimate for second-quarter 2025 revenues is pegged at $ 1.45 billion, suggesting a 16.48% decline from the year-ago quarter's reported consensus mark for earnings is pegged at 54 cents per share, implying a steep 43.75% decline from the year-ago quarter's reported figure. However, the earnings figure inched up by a penny over the past 30 days. ON Semiconductor is experiencing robust momentum in its Silicon Carbide (SiC) portfolio. In the first quarter of 2025, ON Semiconductor acquired Qorvo's SiC JFET assets, which strengthens its SiC offerings. For its fourth-gen Trench SiC MOSEFT, the company secured a major design win with a leading U.S. OEM for a PHEV platform. ON Semiconductor is targeting a 35-40% market share in the near future and has recently started seeing revival in the China market, with 50% of new EV models in China expected to have ON's SIC in it, thus signalling strong global Semiconductor's SiC and silicon-based intelligent power portfolio is being increasingly adopted in UPS systems, power supply units and battery backup units as they are engineered for high efficiency and high-density applications. Sic JFET and T10 trench MOSFET provide industry-leading performance by offering the lowest on-resistance and reducing switch losses, respectively. These high-performing solutions helped ON Semiconductor secure business with the three largest UPS providers, thus deepening market penetration. ON Semiconductor currently has a Zacks Rank #3 (Hold).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Magnachip Semiconductor Corp. (MX) : Free Stock Analysis Report ON Semiconductor Corporation (ON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-02-2025
- Business
- Yahoo
ON Semiconductor Corp (ON) Q4 2024 Earnings Call Highlights: Navigating Market Challenges with ...
Full Year Revenue: $7.1 billion. Full Year Non-GAAP Gross Margin: 45.5%. Fourth Quarter Revenue: $1.72 billion. Fourth Quarter Non-GAAP Gross Margin: 45.3%. Fourth Quarter Non-GAAP Earnings Per Share: $0.95. Automotive Revenue (Q4): $1.03 billion, 8% sequential increase. Industrial Revenue (Q4): $417 million, 5% sequential decrease. Power Solutions Group Revenue (Q4): $809 million, 2% quarter-over-quarter decrease. Analog and Mixed-Signal Group Revenue (Q4): $611 million, 7% quarter-over-quarter decrease. Intelligent Sensing Group Revenue (Q4): $303 million, 9% quarter-over-quarter increase. Free Cash Flow (Q4): $422 million, 39% sequential increase. Cash and Short-term Investments: $3 billion. Capital Expenditures (Q4): $157 million, 9% capital intensity. Inventory Days: 216 days, including 100 days of strategic builds. Q1 2025 Revenue Guidance: $1.35 billion to $1.45 billion. Q1 2025 Non-GAAP Gross Margin Guidance: 39% to 41%. Q1 2025 Non-GAAP Earnings Per Share Guidance: $0.45 to $0.55. Warning! GuruFocus has detected 3 Warning Sign with ON. Release Date: February 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ON Semiconductor Corp (NASDAQ:ON) achieved a non-GAAP gross margin of 45.5% against revenue of $7.1 billion for the full year 2024. The company's automotive revenue increased 8% sequentially in the fourth quarter, driven by share gains and new customer ramps, particularly in China. ON Semiconductor Corp (NASDAQ:ON) reported significant growth in AI data center and aerospace and defense sectors, with revenue increases of more than 40% and 50% respectively in 2024 over 2023. The company successfully closed the acquisition of Qorvo's silicon carbide junction field effect transistor business, enhancing its EliteSiC power solutions. ON Semiconductor Corp (NASDAQ:ON) introduced the Treo platform, a new analog and mixed-signal platform, which is expected to unlock a $36 billion total addressable market opportunity with up to 70% gross margins. Fourth quarter revenue declined to $1.72 billion, with a non-GAAP gross margin of 45.3% and non-GAAP earnings per share of $0.95, impacted by a decline in demand. The company experienced a sequential decline in regional revenue, with Japan seeing the sharpest decline, and continued inventory digestion in key end markets. ON Semiconductor Corp (NASDAQ:ON) anticipates continued volatility in the automotive sector due to geopolitical uncertainty and slower-than-expected EV ramp-up. The industrial revenue decreased 5% sequentially, with ongoing weakness in traditional parts of the business and a weak PMI across major regions. The company expects a significant decline in automotive revenue in Q1 2025, projected to be down 25% or more sequentially, primarily due to softness in China. Q: How much of the revenue decline is specific to ON Semiconductor versus the end market? A: The significant decline is mainly due to the noncore business, which has seen the largest drop. ON Semiconductor has been consistent in not participating in volatile markets and is focusing on core products like Treo and silicon carbide for growth. (Hassane El-Khoury, CEO) Q: What are the expected trends for automotive, industrial, and other segments in Q1? A: Automotive is expected to decline by over 25% sequentially, while industrial and other segments are anticipated to decrease by mid- to high single digits. Visibility beyond Q1 is limited due to geopolitical uncertainties. (Thad Trent, CFO) Q: Why is the Q1 automotive outlook worse than peers? A: The decline is partly due to noncore components and the lumpiness of silicon carbide, particularly in China, where there is a temporary softness as inventory is digested. (Hassane El-Khoury, CEO) Q: Are there any changes to the long-term gross margin targets? A: ON Semiconductor remains committed to the 53% gross margin target. The current short-term impact is due to utilization, but structural changes and market recovery are expected to help achieve this target. (Thad Trent, CFO) Q: How is the company managing inventory levels and demand visibility? A: ON Semiconductor is managing inventory tightly, ensuring it does not overship demand. The company is negotiating LTSAs to align with real demand and is focused on maintaining discipline in inventory management. (Hassane El-Khoury, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
