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Addition to the index recognizes the semiconductor company’s transformational journey to becoming a technology leader.
June 21, 2022
By: DAVID SAVASTANO
onsemi has joined the S&P 500 index. The inclusion in the index follows the company’s highest ever fiscal year revenue in 2021 of $6.74 billion – a 28.3% year-over-year growth – and its recent recognition as a Fortune 500 company. “Our addition to the S&P 500 index is first and foremost a testament to the incredible people driving onsemi to enable a better tomorrow, today,” said Hassane El-Khoury, president and CEO, onsemi. “Furthermore, this recognition validates our shift in focus towards megatrends in high energy-efficiency applications in the automotive and industrial markets.” These trends include electric vehicles, advanced driver assistance systems (ADAS), alternative energy and industrial automation. onsemi’s refocus on strategic products and markets with high growth and margins, along with long-term supply agreements with customers, will allow the company to continue to grow for years to come.
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