ON Semiconductor Corporation , driving energy efficient innovations, today announced that it has been named to the Fortune 500 list of America’s largest companies by revenue for the first time since it became a public company in 2000.
ON Semiconductor is a premier supplier of high performance silicon solutions for energy efficient electronics. The companies broad portfolio of power and signal management, logic, discrete and custom devices helps customers efficiently solve their design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications.
“Being recognized on the FORTUNE 500 is a testament to our entire global team and the partnerships we have cultivated with customers and suppliers around the world,” said Keith Jackson, president and CEO of ON Semiconductor. “We have transformed the nature of our business, and customers are increasingly relying on us as a key provider of enabling technologies for emerging and disruptive applications.”
Since its inception the company has grown significantly through organic growth along with mergers and acquisitions. To date, the company has executed over 50 large financial transactions that delivered over $16 billion in critical funding and other financings. This has provided a platform for growth for the company through a series of dramatic market swings in the last nineteen years. This tremendous growth has provided the depth and breadth of over 86,000 products, enabled it build an extensive intellectual property portfolio, and provided a global presence and the ability to be agile and competitive in an ever changing market.
“Our business remains strong, and indications from customers and macroeconomic data point to continuing strength in demand across end-markets and geographies in the near to mid-term.” said Bernard Gutmann, executive vice president and CFO. “With a strong product portfolio and robust design win pipeline, we are very well positioned to make significant gains in the coming year.”
The company is headquartered in Phoenix, Arizona (USA) with over 160 sites located in North America, Europe and Asia and a global employee count of over 34,000. Its vast product portfolio is comprised of automotive, computing, consumer, communications and industrial/medical/mil-aero segments. All of these key segments are what contributes to over $5 billion in annual revenue.