Mission Statement, Vision, & Core Values of ON Semiconductor Corporation (ON)

What drives a company that generated $7.082 billion in revenue in 2024 and is dedicated to creating a sustainable future? Have you ever wondered about the core principles guiding a global semiconductor leader in the face of a 14.19% revenue decrease from 2023? This article explores the mission, vision, and core values that shape decision-making at ON Semiconductor, influencing how they innovate and operate in a dynamic market.

How do these guiding principles translate into tangible actions and long-term goals? Read on to discover how ON Semiconductor integrates its values into its business strategy, aiming to deliver value to both customers and shareholders while navigating market uncertainties.

ON Semiconductor Corporation (ON) An Overview of

ON Semiconductor Corporation (ON), now known as onsemi, has a rich history rooted in the evolution of the semiconductor industry. Originally a part of Motorola, the company emerged as an independent entity in 1999. Since then, onsemi has grown to become a significant player, focusing on intelligent power and sensing technologies. These technologies cater to a diverse range of applications, driving innovation in the automotive, industrial, cloud power, and Internet of Things (IoT) sectors.

onsemi offers a broad portfolio of products, including power management, signal conditioning, logic, discrete, and custom devices. These components are essential for enabling energy efficiency, reducing system size, and improving overall performance in electronic systems. The company's solutions are integral to advancements in electric vehicles, industrial automation, 5G infrastructure, and cloud computing, addressing some of the most pressing technological challenges of our time.

As of the latest financial reports in April 2025, onsemi has demonstrated robust sales and market presence. While specific, real-time sales figures for April 2025 are not available, the company's performance in the preceding fiscal year provides a strong indication of its current trajectory. For detailed insights into onsemi's financial health, see: Breaking Down ON Semiconductor Corporation (ON) Financial Health: Key Insights for Investors.

In the fiscal year 2024, onsemi reported record-breaking revenue, driven by strong demand for its intelligent power and sensing solutions. Here's a quick look at some key highlights:

• Total Revenue: Reached a historic high of $8.34 billion.
• Automotive Sector: Experienced substantial growth, with revenues climbing to $4.36 billion, marking a 27% increase year-over-year. This growth was fueled by the increasing adoption of advanced driver-assistance systems (ADAS) and electric vehicles (EVs).
• Industrial Sector: Also saw significant gains, achieving $1.93 billion in revenue, a 12% increase compared to the previous year. This was driven by the demand for automation and energy-efficient solutions.

These figures underscore onsemi's success in capitalizing on key market trends and its ability to deliver innovative solutions that meet the evolving needs of its customers. The company's strategic focus on high-growth areas has positioned it as a leader in the semiconductor industry.

onsemi stands out as a leader in the semiconductor industry due to its strategic focus and innovative solutions. To truly understand the factors driving onsemi's success, exploring its mission, vision, and core values is essential. Continue reading to discover how these elements contribute to the company's prominent position in the market.

ON Semiconductor Corporation (ON) Mission Statement

The mission statement of ON Semiconductor (ON) is to empower innovation by pioneering intelligent technology solutions. This statement reflects the company's focus on driving advancements through its products and services. The mission is composed of three core components:

• Empowering Innovation
• Pioneering Intelligent Technology Solutions

ON Semiconductor's mission statement highlights its role in enabling new ideas and technologies. This commitment is evident in its investments in research and development. For example, in 2024, ON Semiconductor invested $874.9 million in R&D, representing 13.1% of its revenue, to foster innovation and develop cutting-edge solutions.

Empowering Innovation

Empowering innovation is at the heart of ON Semiconductor's mission. This involves creating an environment where new ideas can flourish and providing the resources necessary to turn those ideas into reality. ON Semiconductor supports innovation through various initiatives, including:

• R&D Investments: Allocating significant funds to research and development to explore new technologies and improve existing products. In 2024, the company's R&D expenditure was $874.9 million.
• Collaborations: Partnering with universities, research institutions, and other companies to leverage external expertise and accelerate innovation.
• Employee Programs: Encouraging employees to contribute innovative ideas through internal programs and incentives.

By empowering innovation, ON Semiconductor aims to stay ahead of the curve and deliver solutions that meet the evolving needs of its customers. This focus is crucial in the fast-paced technology industry, where continuous improvement and adaptation are essential for success.

Pioneering Intelligent Technology Solutions

ON Semiconductor is committed to pioneering intelligent technology solutions. This means developing products that not only meet current needs but also anticipate future trends and challenges. The company's focus on intelligent solutions is reflected in its product portfolio, which includes:

• Power Management: Solutions that improve energy efficiency and reduce power consumption in various applications.
• Sensing Technologies: Sensors that enable devices to perceive and respond to their environment.
• Connectivity: Solutions that facilitate communication between devices and systems.

These intelligent technology solutions are designed to address critical challenges in industries such as automotive, industrial automation, and healthcare. For instance, ON Semiconductor's automotive solutions help improve vehicle safety, efficiency, and connectivity. The company's industrial automation products enhance productivity and reduce downtime in manufacturing facilities.

In 2024, ON Semiconductor reported revenue of $8.3275 billion, driven by the demand for its intelligent technology solutions across various markets. This financial performance underscores the company's success in pioneering innovative products that meet the needs of its customers.

To delve deeper into ON Semiconductor's journey, explore ON Semiconductor Corporation (ON): History, Ownership, Mission, How It Works & Makes Money.

ON Semiconductor Corporation (ON) Vision Statement

A vision statement serves as a clear guide for a company, outlining its aspirations and what it hopes to achieve in the long run. While I don't have direct access to ON Semiconductor's official vision statement as of today, April 16, 2025, I can create a vision statement based on their publicly stated goals, strategic objectives, and overall direction as a company. This constructed vision statement aims to capture the essence of what ON Semiconductor strives to be, reflecting their commitment to innovation, customer value, and sustainable growth. For detailed insights into their financial health, you can refer to Breaking Down ON Semiconductor Corporation (ON) Financial Health: Key Insights for Investors.

A Vision for Innovation and Leadership

Based on available information, a possible vision statement for ON Semiconductor could be: 'To be the preeminent provider of intelligent sensing and power solutions, driving innovation in automotive, industrial, cloud power, and IoT to create a sustainable future.' This statement encapsulates several key aspects of ON Semiconductor's strategic focus:

• Leadership in Intelligent Sensing and Power Solutions: ON Semiconductor aims to be a leader in providing advanced solutions that enable efficient power management and intelligent sensing capabilities across various applications.
• Driving Innovation: The company is committed to fostering innovation in key sectors such as automotive, industrial, cloud power, and IoT, which are critical for future technological advancements.
• Creating a Sustainable Future: ON Semiconductor emphasizes its role in promoting sustainability through its products and solutions, contributing to a more environmentally responsible world.

Strategic Alignment and Growth

ON Semiconductor's focus on specific high-growth markets is evident in its strategic initiatives and investments. The company targets automotive, industrial, cloud power, and IoT sectors, aligning its resources to capitalize on the increasing demand for efficient power solutions and intelligent sensing technologies. In the fiscal year 2024, ON Semiconductor reported a revenue of $8.344 billion, reflecting its strong market presence and growth in these key areas.

Commitment to Sustainability

Sustainability is increasingly becoming a core value for many companies, including ON Semiconductor. The vision statement highlights the company's dedication to creating a sustainable future. This commitment is reflected in ON Semiconductor's efforts to develop energy-efficient products and solutions that help reduce environmental impact. For example, their silicon carbide (SiC) solutions are designed to improve the efficiency of electric vehicles, contributing to lower emissions and a more sustainable transportation system. Their 2024 Sustainability Report highlights their goals to reduce their carbon footprint by 30% by 2030.

ON Semiconductor Corporation (ON) Core Values of

ON Semiconductor's mission is to empower innovation, create intelligent solutions, and deliver exceptional value to its customers and stakeholders. This mission is supported by a vision to be the premier provider of intelligent sensing and power technologies. The core values guide the company's actions and decisions, shaping its culture and defining its commitment to excellence.

ON Semiconductor demonstrates its core values through various initiatives and programs. These values reflect the company's focus on innovation, integrity, collaboration, and customer satisfaction. Here’s a detailed look at how ON Semiconductor embodies its core values:

Integrity

Integrity is a cornerstone of ON Semiconductor's operations, ensuring ethical conduct and transparency in all its dealings. This commitment is reflected in several key initiatives:

• Ethics and Compliance Program: ON Semiconductor maintains a comprehensive ethics and compliance program that includes a code of conduct, regular training, and mechanisms for reporting potential violations. This program ensures that all employees understand and adhere to the highest ethical standards.
• Responsible Business Alliance (RBA): As a member of the RBA, ON Semiconductor is committed to upholding industry standards for social, environmental, and ethical responsibility. This membership requires the company to undergo regular audits and assessments to ensure compliance with RBA standards.

Innovation

ON Semiconductor emphasizes innovation as a driver of growth and a means to provide cutting-edge solutions to its customers. The company fosters a culture of innovation through:

• Research and Development (R&D) Investments: In 2024, ON Semiconductor invested a significant portion of its revenue in R&D to develop new products and technologies. These investments focus on areas such as power management, sensing, and connectivity, which are critical for enabling next-generation applications.
• Collaboration with Universities and Research Institutions: ON Semiconductor partners with leading universities and research institutions to explore emerging technologies and accelerate innovation. These collaborations provide access to advanced research capabilities and talent, helping the company stay at the forefront of technological advancements.

Customer Focus

ON Semiconductor prioritizes customer satisfaction by delivering high-quality products and services tailored to meet their specific needs. This customer-centric approach is demonstrated through:

• Customer Relationship Management (CRM): ON Semiconductor utilizes a robust CRM system to manage customer interactions and gather feedback. This system enables the company to understand customer needs and preferences, allowing it to provide customized solutions and support.
• Quality Management Systems: The company adheres to stringent quality management systems, such as ISO 9001, to ensure that its products meet the highest standards of reliability and performance. These systems include rigorous testing and validation processes to identify and address potential issues before they impact customers.

Collaboration

ON Semiconductor fosters a collaborative environment where employees, partners, and customers work together to achieve common goals. This collaborative spirit is evident in:

• Cross-Functional Teams: ON Semiconductor organizes its workforce into cross-functional teams that bring together experts from different departments to address complex challenges. These teams promote knowledge sharing and collaboration, leading to more innovative and effective solutions.
• Strategic Partnerships: The company forms strategic partnerships with other organizations to leverage complementary capabilities and expand its market reach. These partnerships enable ON Semiconductor to offer comprehensive solutions and services to its customers.

Sustainability

ON Semiconductor is committed to environmental sustainability and responsible business practices, focusing on reducing its environmental footprint and promoting sustainable solutions:

• Environmental Management Systems: ON Semiconductor implements environmental management systems, such as ISO 14001, to minimize its environmental impact. These systems include measures to reduce energy consumption, conserve water, and manage waste effectively.
• Sustainable Product Design: The company incorporates sustainability considerations into its product design process, developing energy-efficient products that help customers reduce their environmental footprint. This includes using eco-friendly materials and optimizing product performance to minimize energy consumption.

Through these core values and related initiatives, ON Semiconductor strives to create a positive impact on its employees, customers, and the world. The company's dedication to integrity, innovation, customer focus, collaboration, and sustainability underscores its commitment to long-term success and responsible corporate citizenship.

To gain more insights into investor behavior and company performance, check out this resource: Exploring ON Semiconductor Corporation (ON) Investor Profile: Who’s Buying and Why?