Onsemi disclosed Q1 financial results on May 2, 2022

Onsemi disclosed Q1 financial results on May 2, 2022

Onsemi disclosed Q1 financial results on May 2, 2022. The company's Q1 revenue was $1.945 billion, or 13.078 billion yuan, up 31.27% year on year. Among them, intelligent power products continued to contribute to the revenue, downstream product application areas of the automotive sector accounted for 37% of the revenue, industrial sector accounted for 28% of the revenue, a total of 65% of the revenue, a year-on-year growth of 42%. In terms of R&D expenditure, Ansenmei invested 156.8 million US dollars in Q1, equivalent to 1.054 billion yuan.