2024-06-05 21:17:07 ET
ON Semiconductor Corporation (ON)
BofA Securities 2024 Global Technology Conference
June 05, 2024 04:20 PM ET
Company Participants
Hassane El-Khoury - CEO
Thad Trent - CFO
Conference Call Participants
Vivek Arya - Bank of America
Presentation
Vivek Arya
Welcome, everyone, and good afternoon. Welcome to this session with the management team from ON Semiconductor. I'm Vivek Arya, I cover semiconductors at BofA Securities. I'm really delighted to have Hassane El-Khoury, CEO; and Thad Trent, CFO from onsemi. I'll go through a list of my questions, but please feel free to raise your hand if you would like to bring anything up, and we'll make sure we get a mic to you. But a very warm welcome.
Hassane El-Khoury
Thank you.
Thad Trent
Thank you.
Question-and-Answer Session
Q - Vivek Arya
Really appreciate you being here. We'll go through the kind of the near to medium term, but Hassane, I was hoping you could just maybe -- let's take a step back, right? I mean both yourself and Thad have been there for roughly about 3.5 years, right, or so. And I think we have essentially seen a transformation of the company from what used to be kind of a deep cyclical to now more of a cyclical growth with multiple product cycles. And another right aspect of that transformation has been this fab like strategy. But I was hoping to tell us way onsemi's in that journey, how much more is still ahead of you?
Hassane El-Khoury
Yeah. So we've made a lot of progress over the last, call it, three years or so, but we're not done. These things take time. Obviously, we've made a ton of progress. I'll highlight some of the things. But this period where we're in today is a testament to what we've done already to build confidence in what's yet to come. So if you think about it, what you said is true, the company's story has been deeply cyclical. Does okay in good times and then I would call it creators in bad time....
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ON Semiconductor Corporation (ON) BofA Securities 2024 Global Technology Conference (Transcript)