ON Semi, a leader in intelligent power and sensing technology, has demonstrated its potential for continued growth by being included in the S&P 500 index.


ON Semi announced on June 21 that it had joined the S&P 500 index.

This is due to Onsemi achieving record sales of $6.74 billion (28.3% growth year-over-year) in fiscal year 2021 and recently being named one of the Fortune 500 companies in the U.S.

Onsemi CEO Hassane El-Khoury said, “Inclusion in the S&P 500 is, above all, a testament to the incredible people leading Onsemi to make today a better tomorrow. This recognition demonstrates that our focus is shifting toward the megatrend of energy-efficient applications in the automotive and industrial markets.”

These trends include electric vehicles, advanced driver assistance systems (ADAS), alternative energy, and industrial automation. ON Semi will be able to continue growing in the coming years by refocusing on strategic products and markets with high growth and margins, along with long-term supply agreements with customers.

Meanwhile, the S&P 500 index is recognized globally as one of the best benchmarks for U.S. stock market performance and covers leading companies in major industries that account for 75–80% of available market capitalization.