News


onsemi sets new revenue records in latest fiscal report

24 November 2021 News

With the announcement of its fourth-quarter and annual financial results, onsemi achieved records for its fiscal-year revenue – $6,74 billion for 2021, representing 28,3% year-over-year growth – as well as for its fourth quarter with revenue of $1,85 billion. Earnings per share were $0,96 for the fourth quarter and a very healthy $2,27 for the year.

“Our disciplined execution on transformation initiatives in 2021 resulted in record financial performance and achievement of our financial targets ahead of the stated timeline,” said Hassane El-Khoury, president and CEO of onsemi. Revenue for 2021 grew 28.3%. Operating income and free cash flow increased 6 times faster than the revenue as we focus our portfolio on secular megatrends of electric vehicles, ADAS, alternative energy and industrial automation. We continue to expand gross margins as we shift our mix into these high-value strategic markets while ramping new products, rationalising our manufacturing footprint and improving our overall cost structure.”

Looking to the future, he added that the company’s outlook remains robust as evidenced by over 60% year-over-year growth in its design-win funnel, driven by its highly differentiated intelligent power and sensing portfolio.




Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Vicor Powering Innovation podcast
News
The episode explores electrification with Lightning Motorcycles, a company that produces the fastest electric motorcycle on the planet.

Read more...
ModusToolbox Workshop 3
News
This workshop will focus on enabling a PSoC development kit, connected over Wi-Fi and leveraging MQTT, to create the framework of an IoT application.

Read more...
Indium celebrates 90 years of innovation
Techmet News
The company’s innovative products, especially its advanced soldering solutions, are found in many common consumer electronics and high-reliability technologies.

Read more...
Revamped technical training centre in Welkom
News
Resolution Circle has announced the launch of its newly revamped training centre in Welkom, which will enhance technical education and foster industry partnerships.

Read more...
From the editor's desk: Funga: The unseen rulers of a new kingdom
Technews Publishing News
Up until a few weeks ago, our classification kingdoms were split into two parts; fauna and flora. I was amazed when I recently read that National Geographic has now changed this and has split the classification ...

Read more...
Hiconnex announces new partnership
Hiconnex News
With over 60 years of experience in the civil, military aeronautics, and space industries, Petercem offers robust solutions for position detection and human machine interfaces.

Read more...
Global semiconductor sales increase YoY
News
The Semiconductor Industry Alliance (SIA) has announced global semiconductor sales totalled $47,6 billion during the month of January, an increase of 15,2% compared to January 2023.

Read more...
Utility-scale solar development for local company
News
Teraco has announced that it has secured its first grid capacity allocation from Eskom, and will commence construction of a 120 MW utility-scale solar PV energy facility in the Free State province.

Read more...
Collab between Arrow and Infineon
Altron Arrow News
Arrow Electronics, represented by Altron Arrow in South Africa, and its engineering services company, eInfochips, are working with Infineon Technologies to help eInfochip’s customers accelerate the development of EV chargers.

Read more...
Printing as a subscription
News
HP has done the unthinkable and released its All-In Plan, a subscription-based printing solution that has many IT professionals and business users shaking their heads.

Read more...