SCOTTSDALE, Ariz. - onsemi (NASDAQ:ON), a leading semiconductor company, announced today the creation of the Analog and Mixed-Signal Group (AMG), with Sudhir Gopalswamy at the helm as the newly appointed group president.
The formation of AMG is part of onsemi's strategy to expand its power management and sensor interface portfolio, aiming to tap into an additional $19.3 billion total addressable market. The group's focus will be on advancing onsemi's growth in key sectors such as automotive, industrial, and cloud end-markets.
In a parallel move, Simon Keeton has been promoted to group president of the Power Solutions Group (PSG), after having contributed to generating over $4 billion in revenue last year and successfully growing the silicon carbide business. These organizational changes are expected to enhance onsemi's capabilities in providing comprehensive solutions in intelligent power and sensing technologies.
AMG will specialize in developing power management integrated circuits (ICs), high precision sensor interfaces, and communication products, thereby positioning onsemi as a full suite provider of power tree solutions. This includes an expanded portfolio of devices such as gate drivers, DC-DC converters, and multi-phase controllers. The group will also continue to lead in sensor interface and communication solutions tailored for the automotive and industrial markets.
This restructuring combines the former Advanced Solutions Group (ASG) and Integrated Circuits Division (ICD) under the AMG umbrella. Gopalswamy will oversee both AMG and the Intelligent Sensing Group (ISG), which together accounted for nearly $4 billion in onsemi's revenue last year.
The company's CEO, Hassane El-Khoury, emphasized that the reorganization builds upon onsemi's strengths and is set to accelerate the company's position by adding more system value for customers. The integration of analog and mixed-signal technologies is expected to enable advanced functionality, improve performance, and reduce time to market for onsemi's clients.
onsemi is set to release its first quarter 2024 earnings reflecting the new business segment structure and will also provide comparable historical data.
The information in this article is based on a press release statement from onsemi.
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