ON Semiconductor announces name change and logo change
Latest update time：2021-08-31 07:31
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ON Semiconductor, one of Silicon Valley's largest public companies, announced a name change on Thursday and launched a new brand with a sustainable vision.
ON Semiconductor (NASDAQ:ON) is now known as ONSEMI, a shift the company said is tied to its renewed focus on the environment. ONSEMI said it is committed to achieving net-zero emissions by 2040.
“Over the past few months, we have been focused on strategy and realigning our product portfolio and investments to deliver market-leading, differentiated technologies to our customers,” Hassane El-Khoury, president and CEO of Onsemi, said in a statement.
“We are creating intelligent power and sensing technologies to help our customers succeed, build a better future for the next generation, and create value for our shareholders, always with an eye toward sustainable development and making the world a better place.”
The Phoenix-based company makes computer components and sensors that end up in cars and industrial equipment, two end markets that account for a large portion of the world's greenhouse gas emissions.
The Phoenix-based company makes computer components and sensors that end up in cars and industrial equipment, two end markets that account for a large portion of the world's greenhouse gas emissions.
During Onsemi's analyst day presentation on Thursday, El-Khoury said the company is in a prime position to capture trends toward vehicle electrification, alternative energy production, factory automation and autonomous driving, which means good business and good for the planet.
For example, Onsemi sells components to Tesla, Mercedes-Benz, Honeywell, GM, and Nvidia, and among the company’s top 20 customers, each buys an average of 24 different product types.
ON Semiconductor: New brand and the promise of a sustainable future
ON Semiconductor (NASDAQ: ON) today unveiled its new trade name "onsemi" and refreshed branding as the next step in the company's evolution to establish itself as a leading supplier of intelligent power and sensing technologies. With a continued focus on automotive and industrial end markets, onsemi has strengthened its strategy to drive disruptive innovation that is helping to shape a sustainable ecosystem of high-growth megatrends such as vehicle electrification, advanced safety, alternative energy and factory automation.
Today, the industrial and automotive end markets account for two-thirds of global greenhouse gas emissions, which provides a huge opportunity for Onsemi to use its intelligent power and sensing technologies to achieve a net-zero economy. Climate change not only brings risks to the environment but also opportunities for innovative business solutions. Onsemi is committed to applying its research and design expertise and adapting its operations to achieve net-zero emissions by 2040.
Under the new tagline "Intelligent Technology, Better Future.", Onsemi plans to break through traditional thinking and market barriers to create innovative and game-changing solutions that solve customers' most difficult design challenges, support them in achieving their own climate initiatives, and drive a sustainable energy revolution. Onsemi's value proposition includes a unique combination of deep system knowledge, technology leadership, and industry-leading manufacturing and packaging capabilities.
"We have spent the last few months focusing our strategy, aligning our product portfolio and investments to deliver market-leading and differentiated technologies to our customers," said Hassane El-Khoury, President and CEO. "We are creating intelligent power and sensing technologies to help our customers succeed, build a better future for the next generation, and create value for our shareholders, all with an eye toward sustainable development and making the world a better place."
Attachment: ON Semiconductor Analyst Day Presentation PPT
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