2024-05-30 12:01:58 ET
Summary
- Onsemi's revenues have declined by 4-5% due to negative sentiment in the auto and industrial sectors, but this is not as bad as expected.
- The company's margins have also been affected by the downturn, but improvements in efficiency and cost-cutting measures are expected to lead to margin expansion.
- Despite short-term concerns, the company's financial position is strong, and its long-term outlook is positive, especially in the automotive sector with the rise of hybrid electric vehicles.
Introduction
Read the full article on Seeking Alpha
For further details see:
ON Semiconductor: Short-Term Pain For Long-Term Gain