ON Semiconductor Corporation (NASDAQ:ON) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 6:20 PM ET
Company Participants
Hassane El-Khoury – President and CEO
Thad Trent – EVP and CFO
Conference Call Participants
Joe Moore – Morgan Stanley
Joe Moore
All right. Welcome back, everybody. I’m Joe Moore, Morgan Stanley semiconductor team. Happy to have with us today the executive team from ON. Hassane El-Khoury, President and CEO; and Thad Trent, EVP and CFO. So guys, welcome.
Maybe we’ll just jump right into some of the tactical issues. You described the recent headwinds on the most recent earnings call. Can you just give a quick summary of where you guys sit in the market today?
Hassane El-Khoury
Yes. If you look at — overall, I’ve been very consistent on my outlook for 2025. We are not managing to a recovery. However, what we are managing to is the opportunities that I think they’re across the board. So if you think about the opportunities that we’ve been investing in over our transformation, it has been automotive electrification, industrial and energy management, and infrastructure. And then, of course, the AI.
Joe Moore
Thank you.
Hassane El-Khoury
This is the good time, I can’t respond. And of course, the AI opportunity. Everything revolves around the power and intelligent power, which is a core element of our strategy. And then on the other side, specifically on automotive and industrial, is the sensing portfolio that we have.
So no change from the growth trajectory. We’ve always said it was going to be bumpy. It’s very bumpy in the short term, but that is the course that we have to take. What we are doing is we’re adjusting our outlook and adjusting positioning the company. The focus is not for this quarter, the focus is not next quarter or the following
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