onsemi Aligns Business Groups To Expand Product Portfolio And Accelerate Growth; The Analog And Mixed-Signal Group Will Deliver Technologies That Enable Full System Solutions For Automotive, Industrial And Cloud End-Markets
Portfolio Pulse from Benzinga Newsdesk
onsemi (NASDAQ:ON) announced the formation of the Analog and Mixed-Signal Group (AMG) to expand its product portfolio in automotive, industrial, and cloud markets. Led by Sudhir Gopalswamy, AMG aims to unlock a $19.3 billion market. Simon Keeton is promoted to president of the Power Solutions Group, which generated over $800 million in 2023. The reorganization aims to accelerate growth by focusing on power management, sensor interfaces, and communication products, positioning onsemi as a full suite provider.
March 12, 2024 | 1:31 pm
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onsemi's formation of AMG and leadership changes aim to expand its product portfolio and tap into a $19.3 billion market, potentially accelerating revenue growth.
The formation of AMG under onsemi is a strategic move to expand its product offerings and address a significant total addressable market. With the leadership of Sudhir Gopalswamy and Simon Keeton, onsemi is positioned to accelerate its growth in key markets. This reorganization and focus on high-demand sectors like automotive, industrial, and cloud computing could lead to increased investor confidence and potential revenue growth, positively impacting the stock price in the short term.
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