On Semi CEO feels ‘good’ about second half

Hassane El-Khoury, Chief Executive Officer of On Semi (ON), said while presenting at the Bank of America Global Technology Conference, according to a transcript of the event: “From a demand environment, we started to see signs of recovery. We talked about signs of recovery in the industrial market, which is our second largest market, and based on the outlook that we see, net of any changes in in the environment that we talk about, we do expect Q two to be the bottom even in automotive. We are expecting growth. We’re expecting growth driven by our penetration and our success that we’ve had in EVs in China. But we’re also going to benefit from a broad based recovery based on the signs that we see even for the half of this year, Of course, net of any any changes in the geopolitical outlook, but net of those disruptions that are not that we don’t know about we are, you know, we feel good about the second half. Of course, next year is too soon to talk about next year, but the second half is the first step of did we hit the bottom, and are we gonna see recovery from there?”