ON Semi sensor sales jumped up by 42% in 2022

Sensing, Power Solutions Drive onsemi’s Record Revenue in 2022

2022 highlights

Delivered a record revenue of $8.3 billion at 24% YoY growth, primarily driven by strength in automotive and industrial businesses.
Reduction in price-to-value discrepancies, exiting volatile and competitive businesses and pivoting portfolio to high-margin products helped onsemi deliver strong earnings.
Revenue from auto and industrial end-markets increased 38% YoY to $ 4 billion and accounted for 68% of total revenues.
Intelligent Sensing Group revenue increased 42% YoY to $1.28 billion driven by the transition to higher-resolution sensors at elevated ASPs.
Non-GAAP gross margin was at 49.2%, an increase of 880 basis points YoY. The expansion was driven by manufacturing efficiencies, favorable mix and pricing, and reallocation of capacity to strategic and high-margin products.
Revenue from silicon carbide (SiC) shipments in 2022 was more than $200 million.
Revenue committed from SiC solutions through LTSAs increased to $4.5 billion.
Total LTSAs across the entire portfolio were at $16.6 billion exiting 2022.
Revenue from new product sales increased by 34% YoY.
Design wins increased 38% YoY.