onsemi Honored with Supplier of the Year 2022 Award by Hyundai Motor Group

MONTGOMERY, Ala. – March 23, 2023 – onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today received the 2022 Supplier of the Year Award from global automotive leader Hyundai Motor Group (HMG) at its Global Supplier Day in Montgomery. HMG recognized onsemi as a trusted provider of key technology in its ecosystem, offering supply chain resilience and manufacturing sustainability.

“HMG is pleased to announce that onsemi has been recognized as a ’2022 Supplier of the Year’," said Hyokjoon Lee, vice president and head of Electronic Parts Purchasing Group, HMG. “Not only for the hard work in maintaining supply stability during 2022 but also for the continuous communication and strategic collaboration between both companies, which raised our relationship to a new level."

“Our collaboration with HMG is rooted in the superior performance of our intelligent power and sensing technologies," said Mike Balow, executive vice president of sales at onsemi. “As important as performance are our manufacturing capabilities, quickly growing vertically integrated silicon carbide supply chain, and supply resilience. Together, they enable onsemi to support HMG’s high-volume production of innovative EVs equipped with advanced semiconductor materials."

As a top-tier eco-friendly brand that has earned its customers’ trust and meets their evolving demands, HMG provides electric vehicles equipped with outstanding electrification systems on its Electric-Global Modular Platform (E-GMP). HMG is moving toward pilot programs both in South Korea and overseas to augment the safety of Level 4 vehicle automation, which minimizes driver intervention. As a trusted supplier, onsemi helps HMG to achieve its goals by providing intelligent power and sensing solutions.