Posted on September 15, 2014 Kyle Salem Electronic News
The semiconductor industry, which started up in the 1960’s, has since grown to become a very lucrative $249 billion industry, with some estimates putting the value closer to $304 billion. The industry is composed of an array of companies all involved in the design and fabrication of various semiconductor devices. The international semiconductor industry is spearheaded by the more well-known technology advanced countries such as the USA, South Korea, Japan, Taiwan, Singapore, and the European Union.
The semiconductor industry is known as a key driver for economic growth because of its value in the electronics supply chain. It is estimated that the industry influences an additional generation of $1,200 billion in the electronic systems business and $5,000 billion in related services, which accounts for about 10% of world GDP. In addition, the need for very high degrees of flexibility and innovation to keep pace with the rapid changes and technological advances in the market have fostered intense competition between companies. It is standard for semiconductor products to have very short life cycles. The top semiconductor companies are very well-known names, such as Intel, Samsung, Qualcomm, Texas Instruments, Toshiba Semiconductors, Renesas Electronics, Hynix, STMicroelectronics, Broadcom, and Micron Technology. One such company in particular, ON Semiconductor, is growing rapidly and has made its way into the Fortune 1000 list. ON Semiconductor is a major publicly-traded supplier of power and signal management, logic, discrete, and custom devices that are used in a variety of industries. Such applications include communications, automotive, computing, consumer, industrial, medical, and power, as well as military and aerospace. In terms of semiconductor companies alone, ON Ranks in the Worldwide Top 20 in sales with annual revenue of $2.895 billion. The company has made substantial gains since its establishment in 1999 has a spinoff of Motorola’s Semiconductor Products division. ON Semiconductor does continue to manufacture discrete, standard analog, and standard logic devices. The company has achieved these gains through a handful of acquisitions over the past 2 decades:
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