PHOENIX – June 21, 2022 – onsemi

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Addition to the index recognizes the company’s transformational journey to becoming a technology leader

PHOENIX – June 21, 2022 – onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, joined the S&P 500® index effective prior to opening of trading today. The inclusion in the index follows the company’s highest ever fiscal year revenue in 2021 of $6.74 billion – a 28.3% year-over-year growth – and its recent recognition as a Fortune 500® company.

“Our addition to the S&P 500 index is first and foremost a testament to the incredible people driving onsemi to enable a better tomorrow, today,” said Hassane El-Khoury, president and chief executive officer, onsemi. “Furthermore, this recognition validates our shift in focus towards megatrends in high energy-efficiency applications in the automotive and industrial markets.”

These trends include electric vehicles, advanced driver assistance systems (ADAS), alternative energy and industrial automation. onsemi’s refocus on strategic products and markets with high growth and margins, along with long-term supply agreements with customers, will allow the company to continue to grow for years to come.

The S&P 500 index is recognized worldwide as one of the premier benchmarks for the U.S. stock market’s performance and covers leading companies from leading industries, representing 75-80% of available market capitalization.

Additional Resources & Documents: onsemi added to S&P 500 index.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner, and smarter world. onsemi is recognized as a Fortune 500® company and included in the S&P 500® index. Learn more about onsemi at www.onsemi.com.

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onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.

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