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    How did on semiconductor perform in Q1?The company, currently trading at $70.82 a share, delivered a 3.85% surprise on EPS and a 0.70% surprise on revenue. ON Semiconductor’s Q1 revenue came in at $1.86 billion. Adjusted EPS was reported as $1.08, driven by stability in traditional industrial segments.
    How did ON Semiconductor stock perform in the last 12 months?Kumar had projected first-quarter revenue and EPS of $1.86 billion and $1.05. ON Semiconductor stock lost over 13% in the last 12 months. Investors can gain exposure to the stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) and EA Series Trust Strive U.S. Semiconductor ETF (NYSE:SHOC).
    How much cash does ON Semiconductor have in 2024?ON Semiconductor generated $276.3 million in free cash flow and held $2.61 billion in cash and equivalents as of March 29, 2024. Outlook: ON Semiconductor expects second-quarter adjusted revenue of $1.68 billion – $1.78 billion, below the consensus of $1.92 billion. The company sees adjusted EPS of $0.86 – $0.98 versus the consensus of $1.10.
    Is ON Semiconductor a good investment opportunity?manufacturing utilization recovery.” Overall, Sur’s confidence in ON Semiconductor’s future is a testament to the company’s strategic positioning and execution capabilities, making it a compelling investment opportunity despite near-term headwinds. Now Read: Tesla’s Robotaxi Plans – Potential Threat Or Future Partner For Uber?
     
  4. The US committed $52 billion to semiconductor manufacturing and research in 2022 with the CHIPS and Science Act. Of that, $39 billion will be used to subsidize building factories domestically. Companies will be able to officially apply for that funding in February 2023, and the awards will be announced on a rolling basis.
    www.technologyreview.com/2023/01/03/1065959/whats-next-chip-industry-2023/
    www.technologyreview.com/2023/01/03/1065959/whats-next-chip-industry-2023/
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    WebZeyi Yang. January 3, 2023. Getty Images. The year ahead was already shaping up to be a hard one for semiconductor businesses. Famously defined by cycles of soaring and dwindling demand, the chip...

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