onsemi Aligns Business Groups to Expand Product Portfolio and Accelerate Growth
March 12 2024 - 9:30AM
Business Wire
The Analog and Mixed-Signal Group will deliver
industry-leading technologies that enable full system solutions for
automotive, industrial and cloud end-markets
onsemi (Nasdaq: ON) today announced the formation of the
Analog and Mixed-Signal Group (AMG) which will be led by newly
appointed group president, Sudhir Gopalswamy. The group will be
focused on expanding onsemi’s portfolio of industry-leading power
management and sensor interface devices to unlock an additional
$19.3 billion total addressable market and accelerate the company’s
growth in the automotive, industrial and cloud-end markets.
Additionally, Simon Keeton has been promoted to group president
of the Power Solutions Group (PSG). His leadership has been
instrumental in delivering more than $4 billion in total revenue
last year, while ramping a profitable silicon carbide business that
achieved over $800 million in revenue in 2023.
“This organizational alignment builds on our strength in
delivering highly differentiated and optimized solutions focused on
customer needs,” said Hassane El-Khoury, president and chief
executive officer of onsemi. “With Simon and Sudhir’s industry
expertise and proven track records, we are setting the foundation
for further growth and leadership in intelligent power and sensing
technologies.”
AMG specializes in the development of a range of power
management ICs and high precision, low power sensor interfaces and
communications products. It positions onsemi to become a full suite
provider of high efficiency power tree solutions with an expanded
portfolio of gate drivers, DC-DC converters, multi-phase
controllers, eFuses and more. The group will continue to extend its
leadership in automotive- and industrial-focused sensor interface
and communication solutions such as inductive, ultrasonic and
medical sensing, as well as single-pair Ethernet and Bluetooth® Low
Energy (Bluetooth LE) solutions.
AMG combines the former Advanced Solutions Group (ASG) and
Integrated Circuits Division (ICD), previously a part of the PSG.
Gopalswamy will oversee both AMG and Intelligent Sensing Group
(ISG), which together drove nearly $4 billion in revenue for the
company last year.
This strategic move accelerates onsemi’s position and will add
even more system value for customers by powering every architecture
with analog and mixed-signal technologies that enable advanced
functionality, higher performance and faster time to market.
onsemi will publish its first quarter 2024 earnings based on the
reorganized business segments and provide comparable historical
data.
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 recognized as a Fortune 500® company and included
in the Nasdaq-100 Index® and S&P 500® index. Learn more about
onsemi at www.onsemi.com.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240312591699/en/
Krystal Heaton Director, Head of Public Relations onsemi
(480) 242-6943 Krystal.Heaton@onsemi.com
Parag Agarwal Vice President - Investor Relations &
Corporate Development onsemi (602) 244-3437 investor@onsemi.com
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