ON Semiconductor Corporation (NASDAQ: ON)
Semiconductors · Scottsdale, AZ, United States · Founded 1999
- Market capitalization: $30.0 billion
- Annual revenue: $8.0 billion
- Net income: $1.5 billion
- Employees: 33,000
- Sector: Technology
- Headquarters: Scottsdale, United States
- Founded: 1999
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ON Semiconductor (onsemi) is a leading supplier of power and sensing semiconductors, with particular strength in silicon carbide (SiC) chips for electric vehicles and intelligent sensing solutions for automotive and industrial applications. The company has transformed from a commodity chipmaker into a high-value semiconductor supplier focused on automotive electrification and advanced driver-assistance systems. Onsemi's silicon carbide technology is critical to EV power electronics.
Onsemi earns revenue from the sale of power semiconductors, image sensors, and analog chips to automotive, industrial, and other end markets. The shift toward silicon carbide and intelligent sensing carries higher margins than the legacy commodity chip business.
ON Semiconductor was spun off from Motorola's semiconductor division in 1999. The company's transformation accelerated under CEO Hassane El-Khoury, who joined in 2020 and implemented the "Fab Right" strategy to exit low-margin products. The $4.1 billion acquisition of GT Advanced Technologies in 2021 secured silicon carbide substrate supply.
| Market Capitalization | $30.0B |
| Annual Revenue | $8.0B |
| Net Income | $1.5B |
| Profit Margin | 19% |
| Revenue per Employee | $242424K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | ON |
Financial data is approximate and based on most recent annual filings.
Onsemi's silicon carbide chips can handle higher voltages and temperatures than traditional silicon, enabling EVs to extract up to 15% more range from the same battery. The company went from near-irrelevance in automotive to being a top-three supplier of SiC power modules in just a few years.
Onsemi's pivot to silicon carbide and automotive is a textbook strategic transformation, but the EV adoption slowdown has created near-term headwinds. The long-term thesis on vehicle electrification remains intact—the timing is just less certain than bulls hoped.
What is ON Semiconductor Corporation's revenue?
ON Semiconductor Corporation generates approximately $8.0 billion in annual revenue.
How many employees does ON Semiconductor Corporation have?
ON Semiconductor Corporation employs approximately 33,000 people worldwide.
What is ON Semiconductor Corporation's market cap?
ON Semiconductor Corporation (ON) has a market capitalization of approximately $30.0 billion on the NASDAQ.
When was ON Semiconductor Corporation founded?
ON Semiconductor Corporation was founded in 1999 and is headquartered in Scottsdale, AZ, United States.
Who is the CEO of ON Semiconductor Corporation?
Hassane El-Khoury is the current CEO of ON Semiconductor Corporation.
What is ON Semiconductor Corporation's website?
ON Semiconductor Corporation's official website is onsemi.com.
| CEO | Hassane El-Khoury |
| Sector | Technology |
| Industry | Semiconductors |
| Founded | 1999 |
| HQ | Scottsdale, AZ |
| Country | United States |
| Website | onsemi.com |
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