Onsemi’s (NASDAQ: ON) FQ2 results left something to be desired, but do not alter the long-term outlook. The results include sequential growth and a forecast for it to continue, a signal that the bottom of the business contraction has been seen and the recovery is underway.
While it may take time for the recovery to gain momentum, Onsemi is well-positioned for long-term growth due to its focus on SiC microchip technology, critical to numerous industries including EV/AV, drones, and the Internet of Things.
