Core Viewpoint - ON Semiconductor is acquiring Aura Semiconductor's Vcore power technologies and related intellectual property to enhance its capabilities in artificial intelligence data center power management [1] Group 1: Acquisition Details - The financial terms of the acquisition remain undisclosed [1] - The acquisition will expand ON Semiconductor's portfolio and support its strategy to provide end-to-end power solutions for AI infrastructure [1][3] - The deal is expected to close in the fourth quarter of 2025, with minimal near-term earnings impact and accretion thereafter, pending customary approvals [3] Group 2: Technology Integration - Sudhir Gopalswamy, president of ON Semiconductor's Intelligent Sensing and Analog and Mixed-Signal Group, stated that integrating Aura's technology will enhance power density, efficiency, and thermal performance, allowing for higher compute capacity per rack [2] - ON Semiconductor is known for its silicon and silicon carbide (SiC) power devices, providing solutions that include solid-state transformers and high-voltage distribution [3] Group 3: Financial Performance - As of June 30, 2025, ON Semiconductor held $2.83 billion in cash and equivalents [4] - The company has experienced a decline of over 18% year-to-date, underperforming the PHLX Semiconductor index, which has returned over 27% [4] - ON Semiconductor has failed to meet adjusted EPS estimates in at least two of the last three quarters and revenue consensus estimates in at least one quarter, with double-digit declines in revenue and adjusted EPS over the previous three quarters [4] Group 4: Market Outlook - Following the second-quarter results, CEO Hassane El-Khoury noted early signs of stabilization in key markets and expressed readiness to benefit from a recovery [5] - The company continues to invest in next-generation technologies to fuel growth and maintain its leadership position [5] - For the third quarter, ON Semiconductor forecasts adjusted revenue between $1.465 billion and $1.565 billion, with adjusted EPS projected between 54 cents and 64 cents, and an adjusted gross margin of 36.5% to 38.5% [6]

Core Insights - onsemi's EliteSiC technology enables electric vehicles to achieve the longest driving range in their class, particularly in select Xiaomi YU7 electric SUV models featuring an advanced 800V drive platform [1][2][3] Group 1: Technology and Performance - The integration of onsemi's EliteSiC M3e technology into traction inverters enhances performance and power density while reducing system costs, allowing for longer driving ranges [2][3] - onsemi's EliteSiC technology boasts the lowest on-resistance in the industry, facilitating faster vehicle acceleration without compromising efficiency and range [2][3] Group 2: Industry Impact - The technology is positioned to redefine electric mobility standards by enabling higher power density, improved thermal performance, and superior energy efficiency, which are essential for next-generation electric vehicles [3] - As the global shift towards electrification accelerates, onsemi's solutions are becoming integral in setting new benchmarks for longer ranges and higher performance in electric vehicles [3] Group 3: Company Overview - onsemi is focused on driving innovations in automotive and industrial markets, addressing megatrends such as vehicle electrification, sustainable energy grids, and industrial automation [4] - The company is included in the Nasdaq-100 Index and S&P 500 index, highlighting its significant presence in the market [4]

Core Insights - onsemi has announced that select Xiaomi YU7 electric SUV models will utilize its advanced 800V drive platform powered by EliteSiC M3e technology, which enhances performance and efficiency for electric vehicles [1][2][3] Group 1: Technology and Performance - The integration of onsemi's EliteSiC M3e technology into traction inverters improves performance and power density while lowering overall system costs, enabling longer driving ranges for electric vehicle users [2] - EliteSiC technology boasts the lowest on-resistance in the industry, facilitating faster vehicle acceleration without compromising efficiency and range [2][3] - The technology is designed to support the development of electric vehicles that offer longer ranges, quicker acceleration, and enhanced reliability, setting new standards in electric mobility [3] Group 2: Company Overview - onsemi focuses on automotive and industrial markets, driving innovations in vehicle electrification, sustainable energy, industrial automation, and 5G infrastructure [4] - The company is recognized for its differentiated product portfolio that addresses complex global challenges, contributing to a safer, cleaner, and smarter world [4] - onsemi is listed in the Nasdaq-100 Index and S&P 500 Index, indicating its significant presence in the market [4]