[Introduction]May 24, 2022 – Onsemi (onsemi, US NASDAQ: ON), a leader in intelligent power and intelligent sensing technology, has been recognized as a company with its highest fiscal year revenue of US$6.74 billion in 2021. Listed on the Fortune 500 list. Revenue grew 28.3% year over year last year, much of which came from the high-value automotive and industrial markets.
ON semiconductor’s record-breaking financial performance comes after Chief Executive Officer (CEO) Hassane El-Khoury took over in December 2020 and shifted focus to the world’s biggest electric vehicles, advanced driver assistance systems (ADAS), alternative energy and industrial automation. after the trend. ON Semiconductor ranks 483rd in the 2022 Fortune 500.
“Being on the Fortune 500 list is a testament to the hard work of our entire global team and a great recognition of what we have accomplished over the past year,” said Thad Trent, ON Semiconductor’s Executive Vice President and Chief Financial Officer. The execution of many change programs during this period is remarkable. It shows the quality of our people and bodes well for our future goals.”
ON Semiconductor expects continued growth over the next few years as many of the megatrends are in their infancy and are rapidly evolving, requiring greater energy efficiency for applications in the company’s key automotive and industrial markets. The company’s long-term supply agreements with customers, and an expanding lineup of smart power and intellisense products, as well as favorable profit margins, lead ON Semiconductor to continue to reallocate investment and resources to strategic products and markets with high growth and high margins.
The Fortune 500 is an annual list edited and published by Fortune magazine that ranks the 500 largest companies in the United States by total fiscal year revenue. The list includes public companies as well as private companies with public revenue. The Fortune 500 is equivalent to two-thirds of the U.S. economy.
This press release contains “forward-looking statements,” as that term is defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are often characterized by the use of words such as “believes,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “should,” or “anticipates,” and similar expressions . However, all statements, other than statements of historical facts, could be deemed forward-looking statements. All forward-looking statements in this press release are made based on onsemi’s current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Additional factors that could cause results to differ materially from those projected in the forward-looking statements are contained in onsemi’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other of onsemi’s filings with the SEC, respectively. onsemi assumes no obligation to update such information, except as may be required by law.
About Onsemi
ON Semiconductor (Nasdaq: ON) is driving disruptive innovation to help build a better future. Focused on the automotive and industrial end markets, the company is accelerating changes driving megatrends including the electrification of automotive functions and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated portfolio of innovative products, ON Semiconductor creates smart power and sensing technologies that solve the world’s most complex challenges and lead the way in creating a safer, cleaner and smarter world. For more information, please visit: http://www.onsemi.cn.
[Introduction]May 24, 2022 – Onsemi (onsemi, US NASDAQ: ON), a leader in intelligent power and intelligent sensing technology, has been recognized as a company with its highest fiscal year revenue of US$6.74 billion in 2021. Listed on the Fortune 500 list. Revenue grew 28.3% year over year last year, much of which came from the high-value automotive and industrial markets.
ON semiconductor’s record-breaking financial performance comes after Chief Executive Officer (CEO) Hassane El-Khoury took over in December 2020 and shifted focus to the world’s biggest electric vehicles, advanced driver assistance systems (ADAS), alternative energy and industrial automation. after the trend. ON Semiconductor ranks 483rd in the 2022 Fortune 500.
“Being on the Fortune 500 list is a testament to the hard work of our entire global team and a great recognition of what we have accomplished over the past year,” said Thad Trent, ON Semiconductor’s Executive Vice President and Chief Financial Officer. The execution of many change programs during this period is remarkable. It shows the quality of our people and bodes well for our future goals.”
ON Semiconductor expects continued growth over the next few years as many of the megatrends are in their infancy and are rapidly evolving, requiring greater energy efficiency for applications in the company’s key automotive and industrial markets. The company’s long-term supply agreements with customers, and an expanding lineup of smart power and intellisense products, as well as favorable profit margins, lead ON Semiconductor to continue to reallocate investment and resources to strategic products and markets with high growth and high margins.
The Fortune 500 is an annual list edited and published by Fortune magazine that ranks the 500 largest companies in the United States by total fiscal year revenue. The list includes public companies as well as private companies with public revenue. The Fortune 500 is equivalent to two-thirds of the U.S. economy.
This press release contains “forward-looking statements,” as that term is defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are often characterized by the use of words such as “believes,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “should,” or “anticipates,” and similar expressions . However, all statements, other than statements of historical facts, could be deemed forward-looking statements. All forward-looking statements in this press release are made based on onsemi’s current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Additional factors that could cause results to differ materially from those projected in the forward-looking statements are contained in onsemi’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other of onsemi’s filings with the SEC, respectively. onsemi assumes no obligation to update such information, except as may be required by law.
About Onsemi
ON Semiconductor (Nasdaq: ON) is driving disruptive innovation to help build a better future. Focused on the automotive and industrial end markets, the company is accelerating changes driving megatrends including the electrification of automotive functions and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated portfolio of innovative products, ON Semiconductor creates smart power and sensing technologies that solve the world’s most complex challenges and lead the way in creating a safer, cleaner and smarter world. For more information, please visit: http://www.onsemi.cn.
The Links: G154I1-L01 LQ181E1LE38 THE IC INFO
