ON Semiconductor CEO says 'strong performance' shows strength of business
"Our strong performance in the third quarter clearly demonstrates the strength of our business, even in face of volatility in a few end-markets. The key driver of our business today is significant content increase in several applications in automotive, industrial and cloud power end-markets, as opposed to underlying unit growth in these end-markets. With a strong design win pipeline and expanding portfolio of power, analog, and sensor products, we are well positioned to capitalize on key mega-trends in automotive, industrial and cloud power end-markets," said Keith Jackson, president and CEO of ON Semiconductor. "Along with solid revenue performance, our operational execution continues to be robust, as demonstrated by our strong margin performance and free cash flow generation."