On Semi Signs Long-Term Power Supply Agreement With BMW

Dow Jones2023-03-07

ON Semiconductor Corp. (ON) said late Monday it signed a long-term supply agreement with BMW Group for electric drivetrain tech. ON Semi said it will supply BMW with 400-volt DC power modules that can hold several hundred kilowatts of power.

"With maximum range being a primary consideration for purchasing an EV, ON Semi's system approach for optimized performance across all of BMW's electric vehicles provides a key competitive advantage," said Asif Jakwani, ON's head of Advanced Power Division, Power Solutions Group, in a statement.

"In addition, we are able to support the rapidly increasing demand for BMW's premium EVs by continuously ramping all production steps of our robust, vertically integrated SiC supply chain."

Financial terms of the deal and specific timeframes were not disclosed. Shares of ON Semi rose 0.2% after hours, following a 1.9% rise to close Monday's regular session at $77.41.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Slee49
2023-03-07
Slee49
K
Rymond
2023-03-07
Rymond
Nice

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2317971487?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-07 09:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2317971487","market":"us","top_or_hot":-1,"title":"On Semi Signs Long-Term Power Supply Agreement With BMW","media":"Dow Jones","content":"<html><head></head><body><p>ON Semiconductor Corp. (ON) said late Monday it signed a long-term supply agreement with BMW Group  for electric drivetrain tech. ON Semi said it will supply BMW with 400-volt DC power modules that can hold several hundred kilowatts of power. </p><p>&#34;With maximum range being a primary consideration for purchasing an EV, ON Semi&#39;s system approach for optimized performance across all of BMW&#39;s electric vehicles provides a key competitive advantage,&#34; said Asif Jakwani, ON&#39;s head of Advanced Power Division, Power Solutions Group, in a statement. </p><p>&#34;In addition, we are able to support the rapidly increasing demand for BMW&#39;s premium EVs by continuously ramping all production steps of our robust, vertically integrated SiC supply chain.&#34; </p><p>Financial terms of the deal and specific timeframes were not disclosed. Shares of ON Semi rose 0.2% after hours, following a 1.9% rise to close Monday&#39;s regular session at $77.41.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>On Semi Signs Long-Term Power Supply Agreement With BMW</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOn Semi Signs Long-Term Power Supply Agreement With BMW\n</h2>\n\n<h4 class=\"meta\">\n\n2023-03-07 09:42 北京时间&nbsp;&nbsp;&nbsp;<strong>Dow Jones</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ON Semiconductor Corp. (ON) said late Monday it signed a long-term supply agreement with BMW Group  for electric drivetrain tech. ON Semi said it will supply BMW with 400-volt DC power modules that ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4512","symbol_name":"苹果概念","start_time":0,"source_url":"","article_id":"2317971487","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2317971487","pubTimestamp":1678153352,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ON Semiconductor Corp. (ON) said late Monday it signed a long-term supply agreement with BMW Group  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4512":"苹果概念","BK4141":"半导体产品","BK4588":"碎股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","ON":"安森美半导体","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4585":"ETF&股票定投概念"},"translate_title":"Semi与宝马签署长期供电协议","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ON":0.9},"content_text":"ON Semiconductor Corp. (ON) said late Monday it signed a long-term supply agreement with BMW Group  for electric drivetrain tech. ON Semi said it will supply BMW with 400-volt DC power modules that can hold several hundred kilowatts of power. \"With maximum range being a primary consideration for purchasing an EV, ON Semi's system approach for optimized performance across all of BMW's electric vehicles provides a key competitive advantage,\" said Asif Jakwani, ON's head of Advanced Power Division, Power Solutions Group, in a statement. \"In addition, we are able to support the rapidly increasing demand for BMW's premium EVs by continuously ramping all production steps of our robust, vertically integrated SiC supply chain.\" Financial terms of the deal and specific timeframes were not disclosed. Shares of ON Semi rose 0.2% after hours, following a 1.9% rise to close Monday's regular session at $77.41.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9940794925,"gmtCreate":1678162984367,"gmtModify":1678162988029,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3581993357014262","idStr":"3581993357014262"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940794925","repostId":2317971487,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9940702005,"gmtCreate":1678153637407,"gmtModify":1678153640838,"author":{"id":"4089870917727740","authorId":"4089870917727740","name":"Rymond","avatar":"https://static.tigerbbs.com/aedf776f6c44db62c5d1365368b51d09","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4089870917727740","idStr":"4089870917727740"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940702005","repostId":2317971487,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":13,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2317971487"}