During the Bank of America Global Technology Conference on June 3, 2025, ON Semiconductor CEO Hassane El-Khoury provided an updated outlook on market conditions. He stated that the second quarter of 2025 is expected to mark the bottom for the automotive market.
El-Khoury anticipates a recovery in the second half of 2025, driven by ON Semiconductor's penetration in China EVs and share gains outside of China. He also noted that the industrial market is showing signs of recovery and is expected to perform better in the second half of the year.
Furthermore, the CEO highlighted that the company's AI revenue doubled year-on-year in the first quarter, indicating strong growth in this segment. These comments suggest a more favorable demand environment and improved financial performance for ON Semiconductor in the latter half of 2025.
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