Onsemi grew strongly in 2021
Semiconductor manufacturer achieves 28 percent sales growth
Net income rose to 1.29 billion US dollars (1.13 billion euros). Hassane El-Khoury, President and CEO of Onsemi, attributes the strong sales growth to the focus on megatrends such as electric vehicles, driver assistance systems, alternative energies and industrial automation.
He also believes the stage is set for future growth. In addition, he wants to streamline production and "improve the overall cost structure" overall, i.e. reduce costs.
For the first quarter of 2021, Onsemi expects sales between 1.85 billion US dollars and 1.95 billion US dollars. Gross margin is expected to be between 45.5 and 47.5 percent.
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Onsemi's sales increased 28.3 percent in 2021 compared to the previous year.
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