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Company records revenue of $1,317.3 million, GAAP and non-GAAP gross margin of 33.5%.
November 9, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
ON Semiconductor Corporation announced that 2020 third quarter revenue was $1,317.3 million, down approximately 5% compared to 2019 third quarter revenue, while 2020 third quarter revenue was up approximately 9% as compared to 2020 second quarter revenue. “We delivered strong third quarter results, driven by broad-based macroeconomic recovery and robust demand for our products. Our margins in the third quarter expanded significantly quarter over quarter due to the normalization of ou...
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