Onsemi, a global leader in automotive semiconductor market, is on a strategic transformation towards the "All in SiC" strategy, with a focus on intelligent power and sensing business. The company has achieved strong financial performance in FY2021, with revenue of USD6.74bn and net profit of USD1.01bn. The acquisition of GTAT, a SiC manufacturer, has enhanced its strategic layout in the SiC field. Onsemi's transition from IDM to Fab-liter has effectively improved its profitability. The company is aggressively expanding its capacity and may enjoy the largest earnings elasticity. Onsemi's downstream industries cover automotive, industrial, communications, consumer, etc. and SiC gradually takes a higher proportion in Onsemi's overall revenue.
