- Orders Down, Profits Slip at ON Semiconductor
PHOENIX, Nov. 3, 2014 — With CEO Keith Jackson citing a slowdown in orders, third-quarter profits slipped 19.7 percent to 41.6 million at ON Semiconductor Corp.
Total revenues were $833.5 million, up 16.5 percent from $715.4 million in the third quarter of 2013. Fourth-quarter revenues are expected to be $835 million to $875 million.
Jackson said the acquisitions earlier this year of Truesense Imaging and Aptina Imaging position ON Semiconductor for gains in the industrial and automotive markets.
For more information, visit www.onsemi.com.
MORE FROM PHOTONICS MEDIA