ON Semiconductor Corporation (NASDAQ:ON) 2023 UBS Global Technology Conference Call November 28, 2023 3:35 PM ET Company Participants Hassane El-Khoury - President & Chief Executive Officer Thad Trent - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Okay, we're going to get started with the next session. I'm Tim Arcuri. I'm the semiconductor analyst here at UBS. I'm pleased to have ON Semi. We have Hassane El-Khoury, President and CEO; and we have Thad Trent, CFO. S ...

ON Semiconductor Corporation (NASDAQ:ON) Q3 2023 Earnings Conference Call October 30, 2023 9:00 AM ET Company Participants Parag Agarwal - VP, IR & Corporate Development Hassane El-Khoury - President & CEO Thad Trent - CFO Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - BofA Securities Chris Danely - Citigroup Inc. Harsh Kumar - Piper Sandler Gary Mobley - Wells Fargo Securities Joshua Buchalter - TD Cowen Joseph Moore - Morgan Stanley Christopher Rolland - Susquehanna Financial Gro ...

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ON Semiconductor Corporation Conference Call Summary Company Overview - **Company**: ON Semiconductor Corporation (NASDAQ:ON) - **Date**: August 7, 2023 - **Participants**: Thad Trent (CFO), Simon Keeton (EVP, GM of Power Solutions Group) Industry Insights - **Industry**: Semiconductor, specifically focusing on automotive and industrial sectors Key Points and Arguments Auto and Industrial Business Performance - The auto industry is forecasted to grow about 5% in 2023 and 1.5% in 2024, while EV growth is projected at a 35% CAGR over the next several years [6][2] - ON Semiconductor is over-indexed in EVs and advanced driver-assistance systems (ADAS), with $50 content in internal combustion vehicles and $750 in EVs, indicating a significant growth opportunity [3][4] - Alternative energy sectors within industrial applications grew by 70% year-over-year [3] Inventory and Demand Management - Aggregate inventories are at all-time highs, but ON Semiconductor does not perceive large pockets of excess inventory [2][3] - The company has been managing internal and channel inventory tightly, maintaining utilization rates around 70% [7][8] Long-Term Supply Agreements (LTSA) - The company added $4 billion in long-term agreements last quarter, totaling $11 billion in LTSAs, with an average duration of about five years [4][10] - These agreements provide visibility into order patterns and help in the development of next-generation products [10] Silicon Carbide Market Position - ON Semiconductor is gaining market share in silicon carbide due to superior performance, integrated supply chain, and a comprehensive product offering [12][13] - The company expects silicon carbide gross margins to reach corporate averages by the end of 2023, with significant growth anticipated in the coming years [28] Image Sensor Business Growth - The image sensor business is experiencing growth due to increased sensor adoption in vehicles, with ON Semiconductor holding over 70% market share in ADAS globally [19][20] - The company has restructured its sensor business to focus on automotive (90%) and industrial (10%) applications, moving away from consumer devices [20] Medical Sector Opportunities - The medical segment is emerging, with a projected growth rate of 20% per year, driven by applications like continuous glucose monitoring and hearing aids [26] Non-Core Business Exits - The company is exiting a highly volatile, price-sensitive business, with a gross margin in the low to mid-40% range. It has exited $100 million so far and plans to exit an additional $350 million to $400 million by year-end [21][23] Fab Strategy and Production Capacity - ON Semiconductor has divested four fabs and acquired the East Fishkill fab, maintaining a strategy to manufacture about 65% of its products internally [34] - The transition to 8-inch wafers is ongoing, with production expected to ramp up in 2025, providing cost benefits due to increased wafer output [30][31] Geopolitical and Supply Chain Considerations - The company is cautious about sourcing substrates from China due to quality concerns and geopolitical risks, with over 50% of substrates expected to come from internal sources by year-end [16][17] AI Market Potential - There are opportunities for ON Semiconductor to benefit from AI developments, particularly in power efficiency for AI servers [46][47] Additional Important Insights - The company is focused on optimizing its fab operations and addressing cost structure challenges at the East Fishkill fab, with expectations to resolve these issues by the end of 2024 [38][39] - The management emphasizes a cautious approach to scaling production and ensuring quality while navigating market uncertainties [8][36]

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ON Semiconductor Corporation (NASDAQ:ON) Q2 2023 Earnings Conference Call July 31, 2023 9:00 AM ET Company Participants Parag Agarwal - VP, IR & Corporate Development Hassane El-Khoury - President & CEO Thad Trent - CFO Conference Call Participants Blake Friedman - Bank of America Harsh Kumar - Piper Sandler Gary Mobley - Wells Fargo Christopher Rolland - Susquehanna Joshua Buchalter - TD Cowen Quinn Bolton - Needham Timothy Arcuri - UBS William Stein - Truist Securities Operator Good day, and thank you for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Commission File Number) 001-39317 ON SEMICONDUCTOR CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3840979 (State or other j ...

ON Semiconductor Corporation (NASDAQ:ON) Bank of America 2023 Global Technology Conference June 6, 2023 1:00 PM ET Company Participants Hassane El-Khoury - President and Chief Executive Officer Thad Trent - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Vivek Arya Good morning, welcome back to the session. I am Vivek Arya, from the BofA Semiconductor and Semi-Cap Equipment team, really delighted and honored to have the team from ON Semi, Hassan ...

ON Semiconductor Corporation (NASDAQ:ON) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference Call May 23, 2023 3:55 PM ET Company Participants Hassane El-Khoury - President and Chief Executive Officer Thad Trent - Executive Vice President and Chief Financial Officer Conference Call Participants Harlan Sur - JPMorgan Chase & Co. Harlan Sur All right. Good afternoon, and welcome to the second day of JPMorgan's 51st Annual Technology, Media and Communications Conference. My name is H ...