ON SEMICONDUCTOR CORPORATION

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World Finance Recognizes onsemi as Most Sustainable Semiconductor Company in 2022

06/28/2022 | 10:29am EDT

PHOENIX - onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today was named the Most Sustainable Company in the Semiconductor Industry for 2022 by World Finance. This recognition emphasizes onsemi's continued focus to deliver on the promise of a sustainable future through products and a commitment to achieving net zero by 2040. With this award, World Finance recognizes companies for being an agent of change for climate sustainability.

'We are addressing climate change on two distinct fronts - both through our sustainable ecosystem of products and through our sustainable business practices,' said Kim Luu, senior director of sustainability and ESG at onsemi. 'Our technologies allow for energy efficiencies and optimized power consumption across high-emission industries. Additionally, energy efficiency solutions across our operations are critical to our greenhouse gas emissions reduction roadmap.'

onsemi is regularly recognized by the most prestigious ratings organizations for its sustainability performance. In 2022 alone, the company has already received the following awards:

Barron's 100 Most Sustainable Companies

Bloomberg Gender Equality Index

Corporate Knight's Clean200

EcoVadis Platinum Level Recognition

Newsweek's America's Most Responsible Companies

World's Most Ethical Companies

To learn more about onsemi's sustainability initiative, please read its 2021 Sustainability Report.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world's most complex challenges and leads the way to creating a safer, cleaner, and smarter world. onsemi is recognized as a Fortune 500 company and included in the S&P 500 index. Learn more about onsemi at www.onsemi.com.

onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.

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(C) 2022 Electronic News Publishing, source ENP Newswire

All news about ON SEMICONDUCTOR CORPORATION
08/03CHIP MAKERS HAVE A MESSAGE FOR CAR M : Your turn to pay
RE
08/02Jefferies & Co. Adjusts ON Semiconductor's Price Target to $77 From $75, Maintains Buy ..
MT
08/02Cowen Raises ON Semiconductor's Price Target to $81 From $65, Maintains Outperform Rati..
MT
08/02B. Riley Raises ON Semiconductor's Price Target to $80 from $77 After Higher-than-Expec..
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08/02Deutsche Bank Adjusts ON Semiconductor's Price Target to $75 From $65, Maintains Buy Ra..
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Analyst Recommendations on ON SEMICONDUCTOR CORPORATION
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Financials (USD)
Sales 2022 8 248 M - -
Net income 2022 2 045 M - -
Net Debt 2022 620 M - -
P/E ratio 2022 14,6x
Yield 2022 -
Capitalization 29 300 M 29 300 M -
EV / Sales 2022 3,63x
EV / Sales 2023 3,41x
Nbr of Employees 31 650
Free-Float 71,2%
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Mean consensus BUY
Number of Analysts 28
Last Close Price 67,63 $
Average target price 74,19 $
Spread / Average Target 9,70%
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Managers and Directors
Hassane El-Khoury President, Chief Executive Officer & Director
Sam Thad Trent Chief Financial Officer, Treasurer & Executive VP
Alan Campbell Director
Johannes M. C. Stork Chief Technology Officer & Senior Vice President
Wei-Chung Wang Executive VP-Global Manufacturing & Operations
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