Joe Quattrocchi

Joe Quattrocchi asked for ON Semiconductor's expectations regarding silicon carbide revenue growth for the current year. He also inquired about the current rate of short lead time orders, how it compares to the prior quarter, and if there's any increased visibility in demand.

Answer

Hassane El-Khoury, President, CEO, and Director, ON Semiconductor, stated that silicon carbide performance is exactly as expected, with the company continuing to gain share and maintain its position in China through new product ramps, including with NIO and a leading Tier 1 supplier. Thad Trent, CFO, ON Semiconductor, noted that lead times have slightly extended to around 20 weeks, with no significant change in short lead time orders, but improved order patterns are contributing to confidence in market stabilization.

Joe Quattrocchi asked for expectations on silicon carbide revenue growth for the current year and inquired about the rate of short lead time orders, comparing it to the prior quarter and assessing any increased visibility.

Answer

Hassane El-Khoury, President and CEO, stated that silicon carbide is performing exactly as expected, with continued market share gains and unchanged position in China due to new product ramps. Thad Trent, CFO, noted that lead times pushed out slightly to around 20 weeks from mid-teen weeks, with no significant change in short lead time orders, but improving order patterns are contributing to confidence in market stabilization.