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ON Semiconductor’s automotive business revenue hits record high

1. ON Semiconductor’s net profit increased by 26.6% to US$577 million ON Semiconductor released its financial report for the second quarter of 2023 on July 31, with revenue of US$2.094 billion, a slight increase of 0.5% year-on-year and a quarter-on-quarter increase of 6.9%; gross profit margin was 47.4%, a year-on-year decrease of 2.3 percentage points, and a quarter-on-quarter increase of 0.6 percentage points; Profit was US$577 million, a year-on-year increase of 26.6% and a month-on-month increase of 24.9%.

ON Semiconductor said that its automotive business revenue exceeded US$1 billion, a 35% year-on-year increase and a quarterly record high. Industrial revenue was $609.3 million, up 5% year-over-year. Silicon carbide revenue increased nearly 4 times year-on-year. ON Semiconductor expects third-quarter revenue of 2.095 billion to 2.195 billion US dollars, with a gross profit margin of 45.9% to 47.9%.

2. The storage market is weak, and Kioxia’s K2 factory in the north is delayed until 2024.

According to the Taiwan Electronics Times quoted by the Science and Technology Board Daily, Kioxia is currently building a second NAND plant (K2 plant) at the Kitakami Plant in Japan, and the current scheduled completion date is 2024. The K2 factory started construction in April 2022. It was originally planned to be completed and put into production in 2023. After the start of production, the overall production capacity of the Kitakami factory will be expanded to nearly double the current production capacity. Now the company will be completed and put into production delayed in response to weak storage market.

3. Infineon is testing biodegradable PCBs

According to IT House news, Infineon officially announced the launch of Soluboard, a recyclable and biodegradable PCB substrate based on natural fibers and halogens, developed by British startup Jiva Materials. When the Soluboard is immersed in warm water, the polymers dissolve and the composite layers delaminate, leaving compostable organic material. The “leftover solution” can be safely disposed of like waste water, and 90% of the components attached to the board can be destroyed. Recycle.

Infineon has produced three different demonstration boards using Soluboard technology and plans to expand its product range in the coming years.

4. It is rumored that Samsung intends to increase the quotation of flash memory wafers, which is 15% higher than that at the beginning of the year

According to Science and Technology Board Daily citing Taiwan Electronics Times, industry sources revealed that Samsung recently notified customers that it intends to increase the quotation of 512Gb NAND flash memory wafers to US$1.60, which is about 15% higher than the price of US$1.40 in early 2023. A change could be reflected in spot market prices as early as mid-August.

However, given the slow depletion of upstream and downstream NAND flash inventory, Samsung will struggle to convince buyers to accept the price hike, the sources said.