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Structural changes to focus investments and resources on megatrends are paying off for semiconductor company with record-setting annual revenue in 2021.
May 27, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi has been recognized as a Fortune 500 company thanks to its highest ever fiscal year revenue of $6.74 billion in 2021. This represented a 28.3% year-over-year growth in revenue with a majority stemming from the high-value automotive and industrial markets. onsemi’s record-setting financial performance came after CEO Hassane El-Khoury took over the company’s reigns in December 2020 and a shift in focus towards secular megatrends of electric vehicles, advanced driver assistance systems (A...
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