) remains focused on its power management portfolio, showcasing a
number of energy efficient solutions for computers at the Intel
Developer Forum (IDF) held from September 11 to 13 in San
The new next generation products that ON displayed at the IDF
consisted of a silicon controlled rectifier and fully programmable
Lithium-Ion (Li-Ion) switching battery charger, which takes less
time to charge and improves the overall battery life of
smartphones, tablets and other handheld portable devices. ON also
showcased power controllers for both desktop and notebook
applications, as well as other energy efficient products.
The new product launches target the ongoing demand for
energy-efficient, high-performance devices. The world is moving
toward green technology, so demand for devices that can do more
using less power will continue to escalate.
On Semi's product portfolio covers all the critical subsystems
found in desktops, servers, notebooks and tablet computers that
include central processing unit (CPU) power delivery, thermal
management, power conversion in conventional power supplies,
adapters, clock generation and distribution, high-speed interface
switching and protection.
IDC expects the smartphone market to double in 2012 while the
portable PC market grows 31.0% from 2011. As per research conducted
by BI Intelligence, the smartphone market may cross 1.5 billion
units per year by 2016.
Therefore it is apparent that the smartphone and portable PC
markets will see very strong growth, which will boost ON Semi's
power management business.
ON Semi reported revenues of $744.8 million in the second
quarter of fiscal 2012, flat sequentially and down 17.8% year over
year and in the middle of management's guidance range of
$720.0-760.0 million, or down 1-6% sequentially.
On a pro forma basis, the company reported a net income of $51.1
million, or a 6.9% net income margin compared to $52.4 million, or
6.8% in the previous quarter and $113.2 million or 13.0% in the
first quarter of 2012.
Currently, On Semiconductor has a Zacks #4 Rank implying a Hold
rating in the short-term (1-3 months).
ON SEMICON CORP (ONNN): Free Stock Analysis
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