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目录
美国
证券交易委员会
华盛顿特区20549
表格 10-Q
（标记一）
☒根据1934年证券交易法第13或15(d)节的季度报告
截至季度结束日期的财务报告2024年9月27日
或者
☐根据1934年证券交易法第13或15(d)节的转型报告书
过渡期应为从                        至                     
（委托代理单位文件号码）001-39317 
英飞凌半导体公司
(根据其章程规定的注册人准确名称)  
特拉华州 36-3840979
（国家或其他管辖区的
公司成立或组织）		 （IRS雇主
唯一识别号码）
5701 N. Pima Road
Scottsdale, 亚利桑那州 85250
(602) 244-6600

(主要行政办公室的地址、邮政编码和电话号码，包括区号)

在法案第12(b)条的规定下注册的证券：
每一类的名称交易标志在其上注册的交易所的名称
普通股，每股面值0.01美元安大略纳斯达克证券交易所 LLC

请勾选以下内容。申报人是否（1）在过去12个月内（或申报人需要报告这些报告的时间较短的期间内）已提交证券交易法规定的第13或15（d）条要求提交的所有报告；以及（2）过去90天内已被要求提交此类报告。    是  x    否  o

请在对应的复选框内表示下文所提及的公司是否已在过去12个月之内（或为该公司要求提交该类文件的短于12个月的期间）以电子方式提交了必须根据S-T法规第405规则（本章第232.405条）提交的每一个互动数据文件。是  x    否  o

请用勾选符号表示注册人是一个大型加速申报人、加速申报人、非加速申报人、较小的报告公司或新兴成长公司。请参考《交易所法》120亿.2条对“大型加速申报人”、“加速申报人”、“较小的报告公司”和“新兴成长公司”的定义。
大型加速申请人
  ☒
如果是新兴增长公司，请勾选是否注册人选择不使用执行交易所第13（a）条规定所提供的任何新的或修订的财务会计准则的推迟过渡期。 ☐☐
非加速归档企业
  ☐
较小的报告公司☐
新兴成长公司☐

如果新兴成长公司，根据交易所法案13(a)条款，表明是否选择不使用延长过渡期来遵守任何新的或修订的财务会计准则。o

请通过复选标记指示注册人是否是壳公司（如《交易所规则》120亿.2定义的那样 行动）。    是☐    否  x

截至2024年10月23日营业结束时，发行人普通股的流通股数量为：
每种类别的证券普通股数量
普通股，每股面值0.01美元425,797,438



目录
ON SEMICONDUCTOR CORPORATION 第10-Q表格

目录

第一部分：财务信息

第二部分：其他信息

（请参阅目录后的精选术语词汇表，以了解某些缩写术语的定义。）


目录
英飞凌半导体公司
10-Q表格
精选缩略词术语词汇表*

缩略语定义术语
0%票据0%可转换到期2027年的优先票据
0.50%票据2029年到期的0.50%可转换高级票据
1.625%票据1.625%可转换优先票据，到期日2023年
3.875%票据3.875%优先票据，到期日2028年
高级驾驶辅助系统（ADAS）先进驾驶辅助系统
修订后的股权计划Director Since
会计准则更新会计准则更新
委员会或SEC证券交易委员会
新的信贷协议信贷协议，于2023年6月22日签订，由借款方公司、数家贷款人、摩根大通银行作为行政代理，以及特定其他方共同签署，旨在提供循环信贷设施。
EFKEast Fishkill, New York fabrication facility
ESPP■ 销售额创纪录，达到830亿美元，同比增长24%
使拥有公司注册证券类别10%以上股权的官员、董事或实际股东代表签署人递交表格3、4和5（包括修正版及有关联合递交协议）,符合证券交易法案第16(a)条及其下属规则规定的要求；Securities Exchange Act of 1934, as amended
IP知识产权
美国国家税务局（“IRS”）美国国内税务局
技术信息技术
循环授信设施根据新信用协议创建的15亿美元高级循环信贷额度
IFRS 16对2023年Q3和2022年Q3的影响如下： （i）分别减少$1,352和$1,309的SG＆A费用，其中包括对使用权利（“ROU”）资产的折旧影响，减去租金支付不包括在SG＆A费用中的影响；（ii）分别增加$1,214和$1,186的利息费用，因为这些租赁负债在期间内必须记录利息费用，（iii）分别有$36和$33递延所得税影响，根据对ROU资产和租赁负债余额的税务属性计算而来。IFRS 16对2023年截至日期和2022年截至日期的影响如下：（i）分别减少了$3,885和$4,262的SG＆A费用，其中包括对ROU资产折旧的影响，减去租金支付不包括在SG＆A费用中的影响；（ii）分别增加$3,508和$3,582的利息费用，因为这些租赁负债在期间内必须记录利息费用，（iii）分别有$99和$180的递延所得税影响，基于记录的ROU资产和租赁负债余额的税务属性。使用权
每个 RSU 表示有权获得一股公司普通股或者相同价值的股票，公司有自主选择权。在董事会职务退休当天，RSU 将产生效力，只要任职时间至少为两年。该公司根据其限制性股票计划授予了 RSU。受限制的股票单位
碳化硅Audit Committee
证券法1933年证券法, 经修订版
美国或美利坚合众国美利坚合众国

在10-Q表格正文中使用但未定义的术语在本词汇表中有定义。


目录

第一部分: 财务信息
项目1. 基本报表（未经审计）
英飞凌半导体公司
基本报表
（以百万计，除股份数和每股数据外）。
(未经审计)

九月 27,
2024		十二月三十一日
2023
资产
现金和现金等价物$2,470.2 $2,483.0 
短期投资300.0 — 
应收账款，净额1,070.6 935.4 
库存2,242.8 2,111.8 
其他流动资产461.1 382.1 
流动资产总额6,544.7 5,912.3 
财产、厂房和设备，净额4,383.7 4,401.5 
善意1,587.9 1,577.6 
无形资产，净额273.1 299.3 
递延所得税资产725.8 600.8 
ROU 融资租赁资产41.1 42.4 
其他资产367.3 381.3 
总资产$13,923.6 $13,215.2 
负债和股东权益
应付账款$597.5 $725.6 
应计费用和其他流动负债734.3 663.2 
融资租赁负债的流动部分0.4 0.8 
长期债务的当前部分796.4 794.0 
流动负债总额2,128.6 2,183.6 
长期债务2,547.2 2,542.6 
递延所得税负债42.8 38.7 
长期融资租赁负债22.4 22.4 
其他长期负债578.6 627.3 
负债总额5,319.6 5,414.6 
承付款和或有开支（注9）
安森美半导体公司股东权益：
普通股 ($)0.01 面值， 1,250,000,000 已授权的股份， 622,306,537 和 616,281,996 已发行， 425,645,765 和 426,386,426 分别表现出色）
6.2 6.2 
额外的实收资本5,321.9 5,210.9 
累计其他综合亏损(49.1)(45.2)
累计收益7,741.0 6,548.1 
减去：库存股，按成本计算： 196,660,772 和 189,895,570 分别是股票
(4,435.9)(3,937.4)
安森美半导体公司股东权益总额8,584.1 7,782.6 
非控股权益19.9 18.0 
股东权益总额8,604.0 7,800.6 
负债和股东权益总额$13,923.6 $13,215.2 
请参见附注的合并财务报表
4

目录
英飞凌半导体公司
合并损益表和综合收益表
（单位：百万美元，除每股数据外）
(未经审计)
 季度已结束九个月已结束
 九月 27,
2024		9月29日，
2023		九月 27,
2024		9月29日，
2023
收入$1,761.9 $2,180.8 $5,359.8 $6,234.9 
收入成本962.5 1,150.1 2,922.8 3,293.3 
毛利润799.4 1,030.7 2,437.0 2,941.6 
运营费用：
研究和开发151.0 143.4 457.5 427.1 
销售和营销65.4 68.2 203.1 211.6 
一般和行政95.5 110.7 275.8 273.8 
与收购相关的无形资产的摊销13.0 12.0 38.5 39.0 
重组、资产减值和其他费用，净额29.1 9.4 103.0 63.5 
运营费用总额354.0 343.7 1,077.9 1,015.0 
营业收入445.4 687.0 1,359.1 1,926.6 
其他收入（支出），净额：
利息支出(15.7)(16.2)(47.0)(59.0)
利息收入28.6 25.7 83.6 66.8 
债务预付损失— — — (13.3)
业务剥离造成的损失— (0.1)— (0.7)
其他收入（支出）(3.7)1.1 (0.8)4.5 
其他收入（支出），净额9.2 10.5 35.8 (1.7)
所得税前收入454.6 697.5 1,394.9 1,924.9 
所得税条款(51.9)(114.6)(200.1)(302.7)
净收入402.7 582.9 1,194.8 1,622.2 
减去：归属于非控股权益的净收益(1.0)(0.2)(1.9)(1.2)
归属于安森半导体公司的净收益$401.7 $582.7 $1,192.9 $1,621.0 
普通股摊薄后每股收益的净收益（注7）$401.7 $583.1 $1,192.9 $1,622.2 
归属于安森美半导体公司的普通股每股净收益：
基本$0.94 $1.35 $2.79 $3.76 
稀释$0.93 $1.29 $2.75 $3.61 
已发行普通股的加权平均股：
基本427.0 431.2 428.1 431.6 
稀释431.7 450.7 433.8 449.3 
扣除税后的综合收益（亏损）：
净收入$402.7 $582.9 $1,194.8 $1,622.2 
外币折算调整3.6 (1.3)(0.7)(4.0)
现金流套期保值和其他调整的影响4.1 (6.2)(3.2)(17.7)
其他综合收益（亏损），扣除税款7.7 (7.5)(3.9)(21.7)
综合收益410.4 575.4 1,190.9 1,600.5 
归属于非控股权益的综合收益(1.0)(0.2)(1.9)(1.2)
归属于安森美半导体公司的综合收益$409.4 $575.2 $1,189.0 $1,599.3 
请参见附注的合并财务报表
5

目录
英飞凌半导体公司
股东权益合并报表
（以百万为单位，股份数据除外） 
(未经审计)

普通股股本外溢价累计其他综合损失库存股非控制利益
股数以票面价值累计收益股数按成本总股本
截至2024年6月28日的结余622,068,261 $6.2 $5,283.3 $(56.8)$7,339.3 (193,850,387)$(4,232.5)$18.9 $8,358.4 
根据ESPP发行的股票102,388 — 5.9 — — — — — 5.9 
RSUs解除并发放股票奖励135,876 — — — — — — — — 
部分结算 - 0% 注记
10 — — — — — — — — 
债券对冲部分结算 - 0% 注记
— — — — — (10)— — — 
部分解决warrants - 0% 注记
2 — — — — — — — — 
代扣税款支付(RSUs)— — — — — (41,841)(3.0)— (3.0)
股权酬金— — 32.7 — — — — — 32.7 
回购普通股— — — — — (2,768,534)(200.4)— (200.4)
综合收益— — — 7.7 401.7 — — 1.0 410.4 
2024年9月27日的余额622,306,537 $6.2 $5,321.9 $(49.1)$7,741.0 (196,660,772)$(4,435.9)$19.9 $8,604.0 
2023年12月31日结余为616,281,996 $6.2 $5,210.9 $(45.2)$6,548.1 (189,895,570)$(3,937.4)$18.0 $7,800.6 
根据ESPP发行的股票218,379 — 13.0 — — — — — 13.0 
RSUs解除并发放股票奖励1,777,879 — — — — — — — — 
部分结算 - 0% 注记
53 — — — — — — — — 
债券对冲部分结算 - 0% 注记
— — — — — (50)— — — 
warrants的结算 - 0% 注记
14 — — — — — — — — 
warrants的结算 - 1.625% 注记
4,028,216 — — — — — — — — 
代扣税款支付(RSUs)— — — — — (637,071)(48.1)— (48.1)
股权酬金— — 98.0 — — — — — 98.0 
回购普通股— — — — — (6,128,081)(450.4)— (450.4)
综合收益（损失）— — — (3.9)1,192.9 — — 1.9 1,190.9 
2024年9月27日余额622,306,537 $6.2 $5,321.9 $(49.1)$7,741.0 (196,660,772)$(4,435.9)$19.9 $8,604.0 

请参见附注的合并财务报表


















6

目录
英飞凌半导体公司
股东权益合并报表
（以百万为单位，股份数据除外） 
(未经审计)

普通股股本外溢价累计其他综合损失库存股非控制利益
股数以票面价值累计收益股数按成本总股本
2023年6月30日的余额611,286,417 $6.1 $4,714.6 $(37.4)$5,402.7 (179,765,811)$(3,101.9)$19.5 $7,003.6 
RSUs解除并发放股票奖励186,072 — — — — — — — — 
部分结算 - 0% 注记
572 — — — — — — — — 
债券对冲部分结算 - 0% 注记
— — — — — (570)(0.1)— (0.1)
部分结算认股权证 - 0% 注记
132 — — — — — — — — 
部分结算 - 1.625% 注记
416 — — — — — — — — 
债券对冲部分结算 - 1.625% 注记
— — 0.1 — — (447)(0.1)— — 
部分结算认股权证 - 1.625% 注记
159 — — — — — — — 
代扣税款支付(RSUs)— — — — — (53,735)(5.2)— (5.2)
股权酬金— — 31.1 — — — — — 31.1 
回购普通股— — — — — (1,058,573)(100.8)— (100.8)
综合收益（损失）— — — (7.5)582.7 — — 0.2 575.4 
2023年9月29日的余额611,473,768 $6.1 $4,745.8 $(44.9)$5,985.4 (180,879,136)$(3,208.1)$19.7 $7,504.0 
2022年12月31日结存余额608,367,713 $6.1 $4,670.9 $(23.2)$4,364.4 (176,431,298)$(2,829.7)$18.5 $6,207.0 
根据ESPP发行的股票220,714 — 13.2 — — — — — 13.2 
RSUs解除并发放股票奖励2,262,751 — — — — — — — — 
认股权证和债券对冲，净额 - 0.50% 注记
— — (171.5)— — — — — (171.5)
认股权证和债券避险交易的税务影响，净利润— — 92.3 — — — — — 92.3 
部分结算 - 0% 注记
585 — — — — — — — — 
债券对冲部分结算 -0% 注记
— — — — — (580)(0.1)— (0.1)
部分结算warrants - 0% 注记
132 — — — — — — — — 
部分结算 -1.625% 注记
621,714 — — — — — — — — 
债券对冲部分结算 - 1.625% 注记
— — 50.5 — — (621,740)(50.5)— — 
部分结算warrants - 1.625% 注记
159 — — — — — — — — 
代扣税款支付(RSUs)— — — — — (749,058)(62.6)— (62.6)
股权酬金— — 90.4 — — — — — 90.4 
回购普通股— — — — — (3,076,460)(265.2)— (265.2)
综合收益（损失）— — — (21.7)1,621.0 — — 1.2 1,600.5 
2023年9月29日的余额611,473,768 $6.1 $4,745.8 $(44.9)$5,985.4 (180,879,136)$(3,208.1)$19.7 $7,504.0 

请参阅并表基本报表的附注

7

目录

on semiconductor corporation
综合现金流量表
(以百万为单位)
（未经审计）

 九个月结束了
 9月27日,
2024		九月29日，
2023
经营活动现金流量：
净利润$1,194.8 $1,622.2 
调整净利润以达经营活动所提供之净现金流量：
折旧与摊提476.3 449.2 
固定资产出售或处置损失5.1 7.3 
出售业务损失— 0.7 
债务预付亏损— 13.3 
债务折价和发行成本摊销9.2 8.7 
基于股份的报酬98.0 90.4 
非现金资产减损费用15.7 12.7 
递延税款余额变动(122.1)(109.0)
其他7.0 1.5 
资产及负债的变动：
应收帐款(145.5)(137.4)
存货(130.2)(468.3)
其他资产(17.4)13.6 
应付账款(42.5)(27.6)
应计费用及其他流动负债38.3 (183.2)
其他长期负债(60.0)72.2 
经营活动产生的净现金流量1,326.7 1,366.3 
投资活动之现金流量:
购入不动产、厂房及设备(549.1)(1,185.1)
来自固定资产与设备出售的收益0.6 2.8 
存款用于购买物业、厂房及设备12.4 32.4 
购买短期投资(750.0)— 
短期投资和可供出售证券出售或到期所得款项450.0 33.5 
购买业务，除现金收购款项外(20.5)— 
与企业并购相关的付款— (236.3)
其他(1.5)— 
投资活动中使用的净现金(858.1)(1,352.7)
来自筹资活动的现金流量:
根据员工股票购买计划发行普通股的收益19.6 19.9 
支付受限股单位的税款代扣(48.3)(62.4)
回购普通股(450.0)(264.0)
根据债务协议的发行和借款— 1,845.0 
偿还债务发行和其他融资成本— 4.5 
支付债务发行和其他融资成本— (11.7)
偿还根据债务协议的借款— (1,603.8)
支付购买债券对冲— (414.0)
来自发行warrants的收益— 242.5 
支付融资租赁义务(1.8)(10.3)
筹集资金的净现金流量(480.5)(254.3)
汇率变动对现金、现金等价物及限制性现金的影响(0.7)(1.5)
813,840(12.6)(242.2)
现金、现金等价物和受限制的现金期初（附注5）2,485.0 2,933.0 
期末现金、现金等价物和受限现金（附注5）$2,472.4 $2,690.8 

请参见附注的合并财务报表
8

目录
英飞凌半导体公司
基本报表附注
(未经审计)

注1：背景和报告基础

爱文思控股公司（“onsemi”，“我们”，“我们”，“我们”或“公司”）及其完全和部分拥有的子公司在爱文思控股旗下运营。此款超便携式投影仪使用了最新的 Android TV 界面，而且遥控器还内置了 Google AssistantTM 功能，用户可以非常方便地使用它。 品牌。公司分为经营和可报告部门：动力解决方案组（"PSG"），模拟与混合信号组（"AMG"）和智能感知组（"ISG"）。 三 2024年第一季度，爱文思控股公司重新组织了某些经营和报告部门内的现有部门，并将高级解决方案组（"ASG"）报告部门更名为AMG。有关部门重新组织的详细信息，请参见注释2：“部门和营业收入”。

公司的财政日历年度始于1月1日，至12月31日结束，每个财政季度包含一个为期13周的会计期间。四个季度分别截止于2024年9月27日和2023年9月29日。 91 每个有几天。截至2024年9月27日和2023年9月29日的九个月分别包含 271我们进行衍生品交易以管理我们的利率风险和代理抵押率敞口。我们与衍生对手签订的合同规定根据我们的衍生品的公允价值进行抵押品。通过这个保证金流程，我们或我们的交易相对方可能被要求提供现金或证券作为抵押品。抵押品要求因交易对手而异，并随着合同的公允价值、名义金额和剩余期限的变化而变化。某些合同与回购协议和同一交易对手的其他合同提供交叉抵押和违约条款。272 ，分别包含几天。

截至2024年9月27日的第四季度和九个月的附注未经审计的基本公司财务报表是根据美国通用会计准则（“GAAP”）编制的，用于中期财务报告以及SEC的中期报告规则和法规。因此，未经审计的财务报表 不要 包括美国通用会计准则要求的所有审计财务报表所需的信息和脚注。截至2023年12月31日的资产负债表来源于公司的审计财务报表，但不包括美国通用会计准则要求的年度财务报表的所有披露。经管理层认为，中期信息包含了所有调整，包括为了对中期期间的结果作出公正报表而必要的一般性重大调整。本中期财务信息相关的脚注也是未经审计的。应该与公司在2023年12月31日年度财务报告中包括的截至2023年12月31日的合并财务报表及相关附注一起阅读，该报告已于2024年2月5日向SEC提交（“2023年10-K表”）

使用估计

根据GAAP要求，编制基本报表需要管理层进行估计和假设，这些估计和假设会影响基本报表日期的资产和负债金额以及报告期间的营业收入和费用金额。管理层会持续评估这些估计和判断，并根据经验、当前和预期未来条件、第三方评估以及管理层认为在情况下合理的各种其他假设作出估计。在下列情况下，管理层与之使用了重要的估计：(i) 计算未来客户激励支付和应计和退回金额；（ii）与存货相关的价值和荒废计提；（iii）计量递延所得税资产计提和评估不确定税务观点的估计；（iv）长期资产和商誉减值测试；以及（v）业务组合中使用的假设。实际结果可能与合并财务报表中使用的估计和假设有所不同。



9
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


注意2：部分和营业收入

板块
公司分为以下报告段: 三 包括PSG、AMG和ISG的经营和可报告部门。这些部门代表管理层对业务的看法，毛利润用于评估其绩效、主要计划的进展以及资源的分配。

PSG以前包括爱文思控股和特斯拉-集成电路、保护和信号部门（“IPS”）。在2024年第一季度，管理层对其进行重新组织，划分为汽车动力部门、工业动力部门和多市场动力部门（“MPD”）。此外，IPS进行了拆分，部分留在MPD，部分则移至AMG内的新特斯拉-集成电路部门。管理层在重组前后对这些部门（即报告单元）进行了商誉减值分析，并未发现减值。

经营和报告部门的营业收入和毛利润如下（以百万美元计）：
PSG(1)
AMG(1)
ISG总费用
截至2024年9月27日季度结束：
来自外部客户的营业收入$829.4 $653.7 $278.8 $1,761.9 
毛利润$344.9 $325.3 $129.2 $799.4 
截至2023年9月29日季度结束：
来自外部客户的营业收入$1,076.5 $775.7 $328.6 $2,180.8 
毛利润$513.5 $361.1 $156.1 $1,030.7 
截至2024年9月27日止九个月：
来自外部客户的营业收入$2,538.8 $1,998.5 $822.5 $5,359.8 
毛利润$1,059.1 $986.0 $391.9 $2,437.0 
截至2023年9月29日止九个月：
来自外部客户的营业收入$2,914.8 $2,312.3 $1,007.8 $6,234.9 
毛利润$1,377.9 $1,075.3 $488.4 $2,941.6 

(1)2024年第一季度期间，公司重新组织了某些报告单位和其部门报告结构。由于在PSG和AMG内部重新组织部门，先前期间的金额已重新分类以符合当前期间的呈现方式。

The Company had one customer, a distributor, whose revenue accounted for approximately 12%和11营业收入总额分别为截至2024年9月27日和2023年9月29日的季度，大约 11%和10营业收入总额分别为2024年9月27日和2023年9月29日结束的九个月，一个分销商账户约为 10截至2024年9月27日，公司应收账款余额的约 10年末截至2023年12月31日，没有一个单一客户账款集中量为营业收入的

10
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


营业收入按销售国家和销售渠道分解到地理位置，并根据各自国家和销售渠道的销售账单列示如下（单位：百万美元）：
2024年9月27日季度结束
PSGAMGISG总费用
地理位置：
香港$215.6 $186.6 $64.7 $466.9 
新加坡276.3 146.0 27.2 449.5 
英国178.8 117.3 99.7 395.8 
美国89.5 147.3 45.1 281.9 
其他69.2 56.5 42.1 167.8 
总费用$829.4 $653.7 $278.8 $1,761.9 
销售渠道:
经销商。$539.3 $370.3 $86.5 $996.1 
直接客户290.1 283.4 192.3 765.8 
总费用$829.4 $653.7 $278.8 $1,761.9 
2024年9月27日止九个月
PSGAMGISG总费用
地理位置：
香港$649.2 $498.5 $178.1 $1,325.8 
新加坡689.7 493.0 90.3 1,273.0 
英国569.1 373.8 310.7 1,253.6 
美国442.5 452.4 130.8 1,025.7 
其他188.3 180.8 112.6 481.7 
总费用$2,538.8 $1,998.5 $822.5 $5,359.8 
销售渠道:
经销商。$1,504.9 $1,062.3 $289.9 $2,857.1 
直接客户1,033.9 936.2 532.6 2,502.7 
总费用$2,538.8 $1,998.5 $822.5 $5,359.8 

11
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


2023年9月29日季度结束
PSG(1)
AMG(1)
ISG总费用
地理位置：
香港$311.8 $197.8 $72.3 $581.9 
新加坡304.0 153.6 49.2 506.8 
英国211.8 157.1 95.3 464.2 
美国182.8 178.3 63.4 424.5 
其他66.1 88.9 48.4 203.4 
总费用$1,076.5 $775.7 $328.6 $2,180.8 
销售渠道:
经销商。$605.5 $394.4 $138.0 $1,137.9 
直接客户471.0 381.3 190.6 1,042.9 
总费用$1,076.5 $775.7 $328.6 $2,180.8 
2023年9月29日截止的九个月
PSG(1)
AMG(1)
ISG总费用
地理位置：
香港$836.2 $570.3 $196.0 $1,602.5 
新加坡851.7 468.0 157.1 1,476.8 
英国571.4 487.3 268.1 1,326.8 
美国451.6 501.6 241.3 1,194.5 
其他203.9 285.1 145.3 634.3 
总费用$2,914.8 $2,312.3 $1,007.8 $6,234.9 
销售渠道:
经销商。$1,710.3 $1,116.7 $477.8 $3,304.8 
直接客户1,204.5 1,195.6 530.0 2,930.1 
总费用$2,914.8 $2,312.3 $1,007.8 $6,234.9 

(1)2024年第一季度期间，公司重新组织了某些报告单位和其部门报告结构。由于在PSG和AMG内部重新组织部门，先前期间的金额已重新分类以符合当前期间的呈现方式。

该公司在多个地理位置开展业务。对外部客户的销售与产品制造地或最终客户的所在地几乎没有相关性。因此，根据地理位置来展示营业利润是没有意义的。

公司没有将资产明确分配给其经营部门，管理层也不使用独立资产信息评估经营部门。用于制造业的综合资产通常是共享的，没有专门归属于经营和可报告部门。在需要评估资产组的账面价值是否可收回的情况下，会根据事实和情况运用判断来判断资产组的账面价值。

12
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


按地理位置汇总的房地产、厂房和设备净值如下（以百万美元为单位）：
截至
2024年9月27日2023 年 12 月 31 日
大韩民国$1,433.6 $1,360.8 
美国1,407.2 1,456.5 
捷克共和国587.7 559.7 
中国237.6 252.2 
菲律宾226.0 252.9 
马来西亚187.9 199.3 
越南153.6 164.3 
其他150.1 155.8 
总计$4,383.7 $4,401.5 

营业收入
公司的营业收入主要来自产品销售，而制造业-半导体服务和产品开发协议的收入占比较少。截至2024年9月27日和2023年9月29日的季度，来自产品销售的收入占总收入的百分比约为 99，每个时期来自制造业-半导体服务和产品开发协议的收入占总收入的百分比约为 1。截至2024年9月27日和2023年9月29日的九个月，来自产品销售的收入占总收入的百分比约为 98，每个时期来自制造业-半导体服务和产品开发协议的收入占总收入的百分比约为 2。

按最终市场和产品技术细分的营业收入如下（以百万美元计）：
季度结束九个月结束
2024年9月27日2023年9月29日2024年9月27日2023年9月29日
终端市场:
汽车$951.2 $1,157.8 $2,875.3 $3,205.6 
制造业439.9 615.8 1,384.0 1,781.3 
自由现金流370.8 407.2 1,100.5 1,248.0 
总费用$1,761.9 $2,180.8 $5,359.8 $6,234.9 
* 其他主要包括计算、消费、网络和通信的终端市场。
产品技术：
智能动力$914.5 $1,154.8 $2,765.9 $3,146.3 
智能传感344.0 406.3 1,017.7 1,234.8 
其他503.4 619.7 1,576.2 1,853.8 
总费用$1,761.9 $2,180.8 $5,359.8 $6,234.9 

剩余绩效承诺
公司订单中的一部分是不可取消的确定性承诺，包括与不到一年的特定订单或合同。公司的某些客户合同是多年协议，包括已确定金额（"长期供应协议"或"LTSAs"）。截至2024年9月27日的剩余履约责任约为$13.7十亿美元（不包括持续时间为 一年 公司预计在未来 31％ 12 个月内，根据这些合同的产品发货来确认约％的营业收入。总营收估计基于协商合同价格和需求量，并可能受到风险和不确定性的影响，包括制造或供应链限制、客户协议变更和监管变化等其他因素。产品的时间、价格或数量
13
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


在长期服务协议保障下交付的产品可能会在双方协议的情况下进行修改，未来期间剩余履约义务实际认定的营业收入可能会大幅波动，超出当前估计。

某些长期服务协议(LTSAs)包括来自客户的不可取消的产能付款，通常在协议签订后的几天内到期。这些付款用于预订生产，或者是为相同目的的预付款，在履行履约义务之前不会被确认为收入。截至2023年6月30日和2022年7月1日的季度和六个月，公司确认的收入为$ 30 协议的天数。这些付款用于保留生产可用性或是为同一目的的预付款，直到履行绩效义务后才予以确认为营业收入。在满足绩效义务之前收到的付款将被记录为合同负债。公司已履行某些绩效义务，并分别于2024年9月27日及2023年9月29日的季度内确认了3百万美元的营业收入。42.01百万美元和30.1百万和2百万美元，分别指2024年9月27日和2023年9月29日季度结束时尚未清偿的合同负债。77.41百万美元和61.7百万和2百万美元，分别指2024年9月27日和2023年9月29日九个月期结束时尚未清偿的合同负债。

合同余额
合同资产和合同负债如下（单位：百万美元）：
截至
2024年9月27日2023年12月31日
合同资产包括在内:
其他资产$150.1 $83.1 
其他— 12.0 
总费用$150.1 $95.1 
合同负债包括在内:
其他流动负债$111.4 $87.6 
其他长期负债161.7 216.6 
总费用$273.1 $304.2 

注释3：最近的会计准则和其他发展

等待领养

分部报告（主题280）：报告分部披露的改进（"ASU 2023-07"）

2023年11月，FASB发布了ASU 2023-07以增强有关重要板块费用的披露。该ASU中的修订要求上市实体按年度和中期披露重要板块费用和其他板块项目，并在中期提供全部关于报告性板块利润或损失和资产的披露，这些披露目前每年均要求提供。该ASU中的修订还澄清了实体可以在哪些情况下披露利润或损失的多个板块度量，并为只有一个可报告板块的实体提供新的板块披露要求。公司将从2024年12月31日结束的财政年度开始，并在2025年12月31日结束的财政年度内的中期采用ASU 2023-07，并将对所呈报期间进行全面回顾。管理层已基本完成了对这一标准的评估，这仅影响披露，不认为该准则的采纳会对公司的经营业绩或财务状况产生重大影响。

收入税（话题740）：收入税披露的改进（"ASU 2023-09"）

2023年12月，FASB发布了ASU 2023-09，以加强关于所得税披露的规定。该ASU中的修订要求企业以表格格式披露，使用百分比和报告货币金额，报告税率调解中的特定类别，并提供用于调解项目的附加信息，这些项目达到数量门槛。此ASU中的修订还要求报告支付的税金（扣除退款）按联邦、州和外国税分类，对于相关金额超过数量门槛的特定司法管辖区进一步细分。对于上市业务实体，ASU 2023-09的规定将于2024年12月15日后开始的财年生效。允许提前采纳。管理层目前正在评估这一新标准下的要求。

14
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


证监会气候披露

2024年3月，SEC发布了最终规定，要求注册者在年度报告和注册声明中包含全面的与气候相关的披露。根据采纳的规定，最终规定要求大型加速归档者在2025年开始的财政年度首次进行气候相关的披露。然而，在2024年4月，SEC发布了一项自愿停止新规定生效的订单，等待对其有效性的某些法律挑战的司法审查完成。管理层目前正在评估这些规则的采纳情况，同时监测相关诉讼的进展以及SEC的停止执行情况。

注4：重组、资产减值及其他费用净额

重组、资产减值及其他费用净额的详细信息如下（单位：百万美元）
重组资产减值
其他
费用 (2)
总费用
2024年9月27日季度结束
2024年业务重组$17.6 $— $10.7 $28.3 
其他(0.9)— 1.7 0.8 
总费用$16.7 $— $12.4 $29.1 
重组
资产减值(1)
其他费用总费用
2024年9月27日结束的九个月
2024年业务重组$70.1 $15.7 $13.8 $99.6 
其他0.3 — 3.1 3.4 
总费用$70.4 $15.7 $16.9 $103.0 

(1) 主要与房地产、厂房和设备相关的资产减值损失。
(2) 其他费用主要与设备移动成本和某些租赁资产的加速摊销有关。

重组余额的变动摘要如下（单位：百万美元）：
截至截至
2023年12月31日费用使用2024年9月27日
应计重组费用$17.9 $70.4 $(17.8)$70.5 

2024年业务重组

2024年第二季度，为了进一步与"Fab Right"制造业-半导体策略保持一致并巩固其全球货币地位，公司宣布了一项重组计划，影响了约 1,300 名员工。大约 1,100 名员工收到了终止雇佣通知，还有约 200 名其他员工被调动至其他onsemi场所。公司将继续评估员工岗位和地点，以寻求潜在的运营改进和效率。

关于在第二季度宣布的行动，公司预计将发生解雇费用、相关福利支出和其他零星费用，总计约$72607241股普通股净收益约合$1,138,745,758.75，其中约$70百万美元已在截至2024年9月27日为止的九个月中确认。已通知其解雇的员工中的某些员工需要在最低保留期限后继续提供未来服务以获得解雇福利，并将在各自的服务期间按比例确认相关费用，其中预计大部分将在2024年余下的时间内确认。

到目前为止在2024年宣布的行动中，公司支付了约$的累计费用。7约xx百万份。 500 终止雇员并截至2024年9月27日拥有大约$的累计费用。63剩余需要重新调整的员工预计将被迁移或解雇，并预计在接下来的12个月内支付几乎所有适用的赔偿金和相关福利。
15
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)



注意事项5：资产负债表信息和其他补充披露

商誉

商誉每年在第四季度的第一天或更频繁地进行减值测试，如果事件或情况变化（每个称为"触发事件"）更可能降低报告单位的公允价值至低于其账面价值。

由于2024年第一季度讨论中提到的分部重组，管理层对分部进行了商誉减值分析，发现在重组前后未出现减值。与重组相关，公司改变了其报告单位结构，这导致了$的重新分配。25.9万的商誉，根据被转移业务的相对公允价值，从PSG前瞻性地重新分配给AMG。

以下表格总结了按经营和可报告部门划分的商誉金额（单位：百万美元）： 
截至
 2024年9月27日2023年12月31日
商誉累计减值损失重新分配账面价值商誉累计减值损失账面价值
经营和报告部门:
PSG$708.0 $(31.9)$(25.9)$650.2 $708.0 $(31.9)$676.1 
AMG1,536.4 (748.9)25.9 813.4 1,536.4 (748.9)787.5 
ISG124.3 — — 124.3 114.0 — 114.0 
总费用$2,368.7 $(780.8)$— $1,587.9 $2,358.4 $(780.8)$1,577.6 

从2023年12月31日到2024年9月27日，商誉余额变化如下（单位：百万美元）：

截至2023年12月31日的净余额$1,577.6 
由于业务收购而导致的增加10.3 
截至2024年9月27日的净余额$1,587.9 

2024年9月27日结束的季度内，ISG业务领域发生了一笔无形资产收购。

存货

合并资产负债表中包含的存货明细如下（单位：百万）：
截至
2024年9月27日2023年12月31日
库存：
原材料$400.8 $469.3 
在制品1,383.6 1,221.1 
成品458.4 421.4 
总费用$2,242.8 $2,111.8 

16
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


定义的利益计划

公司在其财务报表中承认所有过度资金计划的资产总额，以及所有不足计划的负债总额。截至2024年9月27日，过度资金计划的净资产总额为 $17.1百万。赤字计提养老金责任总额为$69.0百万美元，其中当前部分为$1.4 百万美元，被分类为应计费用和其他流动负债。截至2023年12月31日，所有计划的净资金状况为负债$50.8 截至2022年12月31日，所有计划的净资金状况为责任负债，金额为$ million，其中当前部分为$ million，被分类为应计费用和其他流动负债。1.4 截至2022年12月31日，所有计划的净资金状况为责任负债，金额为$ million，其中当前部分为$ million，被分类为应计费用和其他流动负债。

净逐期养老金费用的组成如下（单位：百万美元）：
季度已结束九个月已结束
2024年9月27日2023年9月29日2024年9月27日2023年9月29日
服务成本$1.2 $1.2 $3.7 $3.6 
利息成本1.4 1.6 4.2 4.8 
计划资产的预期回报率(1.2)(1.2)(3.6)(3.6)
总计$1.4 $1.6 $4.3 $4.8 

租约

经营租赁安排主要包括房地产和设备协议。 租赁费用的元件如下（以百万计）：
Quarters Ended九个月结束了
。股息除息日为2023年9月29日。股息除息日为2023年9月29日
营业租赁$13.5 $11.9 $41.1 $36.2 
变量租赁1.3 1.2 4.0 4.0 
短期租赁2.4 0.3 3.2 1.5 
总计$17.2 $13.4 $48.3 $41.7 

赁赋租资产及赁赋租负债在综合账户账表中的认知如下（单位：百万）：
截至日期
。股息除息日为2023年12月31日
包含在营运租赁负债中：
应计费用及其他流动负债$28.9 $33.0 
其他长期负债250.7 231.0 
总计$279.6 $264.0 
包含在营运租赁资产中：
其他资产$257.6 $247.3 

截至2024年9月27日，加权平均剩余租赁期限为 10.4 年和 17.3 年，而加权平均折扣率分别为 5.22024年6月30日和2023年12月31日的时间点，公司从Thrivel Earlier Detection Corporation（“Thrive”），Ashion Analytics，LLC（“Ashion”）和OmicEra的收购中记录的关于监管和产品开发里程碑的待定支付负债的公允价值总和为2.779亿和2.887亿美元。公司使用概率加权情境折现现金流模型评估预期的待定支付负债和相应的与监管和产品开发里程碑相关的负债的公允价值，该方法与预期待定支付负债的初始计量一致。每个潜在情境应用成功概率，然后通过现值因子计算折扣，得出相应的现值。时间的流逝以及草拟的里程碑实现时间，现值因子，实现度（如适用）和成功概率的变化可能导致公允价值测量的调整。与监管和产品开发里程碑相关的待定支付负债的公允价值是以2024年6月30日和2023年12月31日的加权平均成功概率和现值因子计算的，成功概率分别为%和%，现值因子分别为%和%。付款范围的预测财政年度范围为2025年至2031年。所使用的不可观察的输入值按待定支付负债的相对公允价值加权。 5.7%，分别适用于营运租赁和融资租赁。

17
目录
on semiconductor corporation
继续备注合并基本报表
（未经审计）


现金流量补充资讯

下列是部分现金和非现金活动金额（以百万计）：
九个月结束了
。股息除息日为2023年9月29日
非现金投资活动：
应付帐款和其他长期负债中的资本支出$200.7 $426.3 
营运租赁资产以换取租赁负债46.8 15.8 
支付现金：
利息费用$53.5 $65.2 
所得税294.1 327.4 
经营租赁支付属于经营活动现金流量39.5 34.1 

以下表格显示了在百万美元的范围内，综合资产负债表与综合现金流量表标题的调节。
截至日期
。股息除息日为2023年12月31日2023年9月29日2022年12月31日
综合资产负债表：
现金及现金等价物$2,470.2 $2,483.0 $2,679.2 $2,919.0 
限制性现金（包含在其他流动资产中）2.2 2.0 11.6 14.0 
结合现金流量表中的现金、现金等价物和限制性现金$2,472.4 $2,485.0 $2,690.8 $2,933.0 

附注6：长期负债

长期负债包括以下项目（以百万为单位，并附年化利率期货）：
截至日期
。股息除息日为2023年12月31日
2028年到期的循环信贷，每月支付利息 6.602024年6月30日和2023年12月31日的时间点，公司从Thrivel Earlier Detection Corporation（“Thrive”），Ashion Analytics，LLC（“Ashion”）和OmicEra的收购中记录的关于监管和产品开发里程碑的待定支付负债的公允价值总和为2.779亿和2.887亿美元。公司使用概率加权情境折现现金流模型评估预期的待定支付负债和相应的与监管和产品开发里程碑相关的负债的公允价值，该方法与预期待定支付负债的初始计量一致。每个潜在情境应用成功概率，然后通过现值因子计算折扣，得出相应的现值。时间的流逝以及草拟的里程碑实现时间，现值因子，实现度（如适用）和成功概率的变化可能导致公允价值测量的调整。与监管和产品开发里程碑相关的待定支付负债的公允价值是以2024年6月30日和2023年12月31日的加权平均成功概率和现值因子计算的，成功概率分别为%和%，现值因子分别为%和%。付款范围的预测财政年度范围为2025年至2031年。所使用的不可观察的输入值按待定支付负债的相对公允价值加权。 6.71%
$375.0 $375.0 
0.502029年到期的百分之□票券 (1)
1,500.0 1,500.0 
0% 2027年票据
804.9 804.9 
3.8752028年到期的百分之□票券 (2)
700.0 700.0 
长期负债总额，包括即期到期债务3,379.9 3,379.9 
减：债务折扣 (3)
(3.5)(4.2)
减：债务发行成本 (4)
(32.8)(39.1)
净长期负债，包括即期到期债务3,343.6 3,336.6 
减：目前到期债务(796.4)(794.0)
净长期负债$2,547.2 $2,542.6 

(1)每年3月1日和9月1日支付利息。 0.50每年%利率。
(2)每年3月1日和9月1日支付利息。 3.875每年%利率。
(3)截至2024年9月27日和2023年12月31日，$%票据的折扣债务。3.5 百万美元和4.2 六个月截至2023年6月30日。 3.875截至2024年9月27日和2023年12月31日，$%票据的折扣债务。
(4)发行债务的成本$23.1 百万美元和26.8在截至2023年6月30日的三个月内，累计亏损为620万美元。 0.50%票据，＄8.5 百万美元和10.9 六个月截至2023年6月30日。 0%票据和＄1.2百万和$1.4 六个月截至2023年6月30日。 3.875注：%分别于2024年9月27日和2023年12月31日。
18
目录
on semiconductor corporation
附注至合并基本报表 - 继续
（未经审计）



预期的长期债务到期（包括当前部分-详见下面部分关于％票据）截至2024年9月27日如下（百万美元）： 0%票据）截至2024年9月27日如下（百万美元）：
周期预期到期日
2024年剩余部分$804.9 
2025— 
2026— 
2027— 
20281,075.0 
此后1,500.0 
总计$3,379.9 

该公司截至2024年9月27日遵守其所有债务协议中的条款。 并预期未来至少12个月仍将遵守所有条款。.

02025%债券所得款项

根据控制项管理的契约 0%票据截至2024年9月27日，剩余的$796.4百万美元未偿本金金额的%票据经摊销发行成本后，自公司普通股上次报告销售价格至少有 0连续交易日（截至2024年9月27日）的最后出售价格大于或等于 20 交易日期间的连续交易日的条件，给予持有人权利在截至2024年12月31日的日历季度内（仅限该日历季度）的每个适用交易日交换任何部分的 30 %转换价格的$68.86 (130期票据（以每$1,000本金金额或其整数倍的最小面额）在2024年12月31日结束的日历季度内进行转换。 0每个该applicable交易日。此条件赋予持有人权利，于2024年12月31日结束的日历季度内（仅限该日历季度）达到或超过$

注7: 每股收益和权益

每股盈利

计算基本和稀释每股盈利的普通股每股净利润如下（以百万美元计，每股数据除外）：
Quarters Ended九个月结束了
 。股息除息日为2023年9月29日。股息除息日为2023年9月29日
Net income for basic earnings per share of common stock$401.7 $582.7 $1,192.9 $1,621.0 
Add: Interest on 1.6252025%债券所得款项
— 0.4 — 1.2 
每股稀释盈余的净利润$401.7 $583.1 $1,192.9 $1,622.2 
基本普通股流通加权平均股份427.0 431.2 428.1 431.6 
share-based awards的发放会对稀释效益造成影响0.6 1.3 0.6 1.2 
可转换票据和认股权证的稀释效应4.1 18.2 5.1 16.5 
普通股普通股股票的稀释加权平均股份431.7 450.7 433.8 449.3 
ON Semiconductor Corporation应归属于每股普通股的净利润
基础$0.94 $1.35 $2.79 $3.76 
稀释$0.93 $1.29 $2.75 $3.61 

19
目录
on semiconductor corporation
继续 集团财务报表注记
（未经审计）


每股普通股的基本收益按照基本盈利除以期间内流通普通股加权平均数计算。为了计算流通普通股的稀释加权平均数，已应用库藏股法计算与员工股票(RSUs)有关的假定股份发行带来的增量股份数量。被排除的反稀释股票报酬不具推升效应的数量是 0.2 百万和 零级 分别是截至2024年9月27日及2023年9月29日的季度，以及 0.6 百万和 0.1 分别是截至2024年9月27日及2023年9月29日的九个月，

与债务相关的立竿见影的影响已使用if-converted方法计算，截至2024年9月27日和2023年9月29日的季度和九个月。 0.50%票据和%票据可以用现金还款至票面价值及超出票面价值部分用现金或普通股票还款。 0%票据和%票据可以用现金还款至票面价值及超出票面价值部分用现金或普通股票还款。 0.50%票据和%票据可以用现金还款至票面价值及超出票面价值部分用现金或普通股票还款。 0%票据和%票据可以用现金还款至票面价值及超出票面价值部分用现金或普通股票还款。 0.50在股价高于$时，可望抵销%票据和%票据的稀释效应。 0在股价高于$时，可望抵销%票据和%票据的稀释效应。103.87 15.152.97 每股分别为。

与发行期权证同时发行的稀释影响 0.50百分比笔记和 0行使价为 $ 的百分比债券156.78 和 $74.34(如适用) 已分别纳入计算稀释权重平均普通股的计算中。

认股权证结算

在发行债券时 1.625％债券发行期间，公司向银行对手方出售了认股权，持有人可以选择以每股$的价格从公司购买相等数量的公司普通股。30.70 银行对手方在2024年1月16日开始执行了百万认股权，并由公司以当日行使价格的平均股价净股的方式发行了百万股普通股，没有交换现金。 6.7百万认股权在2024年第一季度行使，公司以当日行使价格的平均股价净股的方式发行了百万股普通股，没有交换现金。 4.0百万股公司普通股根据当日行使日的平均股价净股，没有交换现金。所有与％债券有关的未解行使的认股权在2024年3月29日结束的季度内全部解决。 1.625％债券的所有未解的认股权在截至2024年3月29日的季度内全部解决。

股权

股份回购计划

根据2023年2月6日宣布的股份回购计划（"股份回购计划"），公司可在2025年12月31日前回购多达$3.0（不包括费用、佣金和其他费用）公司普通股共计10亿美元。 股份回购计划在截至2024年9月27日和2023年9月29日的三个季度和九个月内的活动如下： 分别在截至2024年9月27日和2023年9月29日的三个季度和九个月内， 如下所示（以百万为单位，每股除外 数据）:
Quarters Ended九个月结束了
 。股息除息日为2023年9月29日。股息除息日为2023年9月29日
已回购股份数量 (1)
2.8 1.1 6.1 3.1 
总购买价格$200.0 $100.0 $450.0 $264.0 
费用、佣金和消费税0.4 0.8 0.4 1.2 
总计$200.4 $100.8 $450.4 $265.2 
每股加权平均购买价格 (2)
$72.24 $94.48 $73.43 $85.84 

(1) 无 截至2024年9月27日，这些股份中有些已经重新发行或注销，但可能稍后会再发行。
(2) 不包括费用、佣金或其他开支。

截至2024年9月27日，股份回购计划授权金额剩余约$2.0 十亿美金。

20
目录
on semiconductor corporation
继续备注合并基本报表
（未经审计）


受限股票单位税款提领的股票

截至2024年9月27日止的季度和九个月，员工代扣税款汇款总额为$3.0百万和$48.1百万，公司代扣了 微不足道 一个微不足道的股份和约 0.6 百万股普通股，分别是尚未发行的RSUs。截至2023年9月29日止的季度和九个月，员工代扣税款汇款总额为$5.2百万和$62.6 百万，公司代扣了约 0.1百万股和 0.8 分别是依据已发生的 RSU 内含的普通股达成的要求，释出了 193.8 万股及 202.1 万股普通股的股份，并并须缴纳相应的税款。这项税款扣减活动与股份回购计划无关。

乐山凤凰半导体有限公司（「乐山」）的非控股利益

乐山的结果已经纳入公司的基本报表中。乐山的非控制权益余额为$19.9 百万于2024年9月27日包括其$1.9 百万收益股份，截至2024年9月27日结束之九个月。截至2023年12月31日，乐山的非控制权益余额为$18.0百万。

Note 8: Share-Based Compensation

Total share-based compensation expense related to the RSUs, stock grant awards and the ESPP was recorded within the Consolidated Statements of Operations and Comprehensive Income as follows (in millions):
Quarters EndedNine Months Ended
September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Cost of revenue$6.2 $4.8 $18.1 $13.4 
Research and development6.1 5.3 18.2 15.0 
Selling and marketing4.8 4.7 15.4 13.8 
General and administrative15.6 16.3 46.3 48.2 
Share-based compensation expense32.7 31.1 98.0 90.4 
     Income tax benefit(6.9)(6.5)(20.6)(19.0)
Share-based compensation expense, net of tax$25.8 $24.6 $77.4 $71.4 

As of September 27, 2024, the total unrecognized expected share-based compensation expense, net of estimated forfeitures, related to non-vested RSUs with service, performance and market conditions was $174.3 million, which is expected to be recognized over a weighted-average period of 1.8 years. Upon vesting of RSUs or stock grant awards or completion of a purchase under the ESPP, new shares of common stock are issued. The annualized pre-vesting forfeiture rate for RSUs was estimated to be 8% for each of the quarters and nine months ended September 27, 2024 and September 29, 2023.

Shares Available

As of September 27, 2024 and December 31, 2023, there was an aggregate of 33.7 million and 37.1 million shares of common stock, respectively, available for grant under the Amended and Restated SIP.

21
目录
英飞凌半导体公司
合并财务报表附注-续
(未经审计)


Restricted Stock Units

RSUs generally vest ratably over three years for awards with service conditions and over two or five years for awards with performance, service and market conditions, or a combination thereof, and are settled in shares of common stock upon vesting. A summary of the RSU transactions for the nine months ended September 27, 2024 was as follows (in millions, except per share data):
 Number of SharesWeighted-Average Grant Date Fair Value Per Share
Non-vested RSUs at December 31, 20233.2 $69.39 
Granted2.2 77.72 
Achieved0.3 61.20 
Released(1.8)63.36 
Forfeited(0.3)72.74 
Non-vested RSUs at September 27, 20243.6 76.37 

Note 9: Commitments and Contingencies

Environmental Contingencies

The Company has encountered and dealt with a number of environmental issues over time relating to the various locations where it conducts its operations and has incurred certain costs related to clean-up activities and environmental remediation efforts. In certain instances, the Company has been indemnified for such costs, often from third parties who were the prior owners of such facilities. Any costs to the Company in connection with such environmental matters have generally not been, and based on the information available, are not expected to be material.
Financing Contingencies

In the ordinary course of business, the Company provides standby letters of credit or other guarantee instruments to certain parties initiated by either the Company or its subsidiaries, as required for transactions, including, but not limited to, material purchase commitments, agreements to mitigate collection risk, leases, utilities arrangements and/or customs guarantees. The Revolving Credit Facility includes $25.0 million available for the issuance of letters of credit, of which $0.9 million was outstanding as of September 27, 2024, which reduced the borrowing capacity under such facility. As of September 27, 2024, the Company also had outstanding guarantees and letters of credit outside of its Revolving Credit Facility totaling $6.6 million.
As part of obtaining financing in the ordinary course of business, the Company issued guarantees related to certain of its subsidiaries, which totaled $0.9 million as of September 27, 2024. Based on historical experience and information currently available, the Company believes that it will not be required to make payments under the standby letters of credit or guarantee arrangements for the foreseeable future.
Indemnification Contingencies

The Company is a party to a variety of agreements entered into in the ordinary course of business, including acquisition agreements, pursuant to which it may be obligated to indemnify the other parties for certain liabilities that arise out of or relate to the subject matter of the agreements. Some of the agreements entered into by the Company require it to indemnify the other party against losses due to IP infringement, property damage (including environmental contamination), personal injury, failure to comply with applicable laws, the Company’s negligence or willful misconduct or breach of representations and warranties and covenants related to such matters as title to sold assets. In the case of certain acquisition agreements, these agreements may require us to maintain such indemnification provisions for the acquiree’s directors, officers and other employees and agents, in certain cases for a number of years following the acquisition.

While the Company’s future obligations under certain agreements may contain limitations on liability for indemnification, other agreements do not contain such limitations and under such agreements it is not possible to predict the maximum potential amount of future payments due to the conditional nature of the Company’s obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under any of these indemnities have not had a material effect on the Company’s business, financial condition, results of operations or cash flows. Additionally, the
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ON SEMICONDUCTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
(unaudited)


Company does not believe that any amounts that it may be required to pay under these indemnities in the future will be material to the Company’s business, financial position, results of operations, or cash flows.

Legal Matters

The Company is currently involved in a variety of legal matters that arise in the ordinary course of business. Based on information currently available, the Company is not involved in any pending or threatened legal proceedings that it believes could reasonably be expected to have a material adverse effect on its financial condition, results of operations or liquidity. However, the litigation process is inherently uncertain, and the Company cannot guarantee that the outcome of any litigation matter will be favorable to the Company.

Securities Class Action And Derivative Litigation Concerning the Company's SiC Business

2023年12月13日，一起以Hubacek诉安森美半导体公司等人为标题的集体诉讼案，案号1:23-cv-01429（D. Del.）在美国特拉华区地区法院由公司的一名声称的股东提起。该案于2024年3月被转至亚利桑那州地区法院。最初的诉讼声称公司违反了1934年证券交易法的第10(b)和第20(a)条。最初的诉讼声称被告在公司的SiC业务方面发表了误导性言论。修正的诉讼于2024年5月31日提起。修正诉讼再次声称涉嫌违反1934年证券交易法的第10(b)和第20(a)条。原告寻求判决本案可以作为集体诉讼继续进行，并寻求赔偿、律师费和成本。公司于2024年7月30日提交了驳回修正诉讼的动议。在审查公司的驳回修正诉讼的动议后，原告认为有必要进一步修改他们的诉讼。2024年9月6日，原告提起了他们的第二次修正诉讼。公司于2024年10月10日提交了驳回这一第二次修正诉讼的动议。预计将于2024年12月20日完成对驳回第二次修正诉讼的书面辩护。公司相信自己有强有力的法律辩护来抵制声称，并将会积极地进行辩护。

On January 3, 2024, a purported stockholder derivative action captioned Silva v. El-Khoury, et al., Case No. 1:24-cv-00007 (D. Del.), was filed by a purported stockholder of the Company in the U.S. District Court for the District of Delaware. On February 12, 2024, a purported stockholder derivative action captioned Smalley et al. v. El-Khoury et al. Case No. 1:24-cv-00183 (D. Del.), was filed by a purported stockholder of the Company in the U.S. District Court for the District of Delaware. Both aforementioned derivative actions, Silva and Smalley, were voluntarily dismissed without prejudice on April 15, 2024. On February 28, 2024, a purported stockholder derivative action captioned Mumme et al. v. El-Khoury et al. Case No. CV2024-003974 (D. AZ.), was filed by a purported stockholder of the Company in the Superior Court of the State of Arizona in and for the County of Maricopa and on March 15, 2024, a purported stockholder derivative action captioned Chan et al. v. Abe et al. Case No. 2:24-cv-00552 (D. AZ.), was filed by a purported stockholder of the Company in the U.S. District Court for the District of Arizona. The allegations in these derivative complaints are substantially similar to the allegations in the securities class action complaint discussed above. The derivative suits purport to assert claims (1) on behalf of the Company against certain of its officers for contribution under the federal securities laws and (2) against all of the defendants for breach of fiduciary duty, aiding and abetting, unjust enrichment, abuse of control, gross mismanagement, and waste. The plaintiffs seek an award of damages, pre-judgment interest, punitive damages, attorneys’ fees, and other costs and expenses related to the litigation. The Company believes that the plaintiffs lack standing to assert claims on the Company’s behalf. These two pending derivative actions, Mumme and Chan, were stayed by court order, pending the resolution of Hubacek v. On Semiconductor Corp.

Intellectual Property Matters

The Company faces risk of exposure from claims of infringement of the IP rights of others. In the ordinary course of business, the Company receives letters asserting that the Company’s products or components breach another party’s rights. Such letters may request royalty payments from the Company, that the Company cease and desist using certain IP, and/or request other remedies.

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ON SEMICONDUCTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
(unaudited)


Note 10: Fair Value Measurements

Fair Value of Financial Instruments

The following tier level hierarchy is used to determine fair values of the financial instruments:

•Level 1: based on observable inputs that reflect quoted prices for identical assets or liabilities in active markets.
•Level 2: based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly.
•Level 3: based on the use of unobservable inputs for the assets and liabilities and other types of analyses.

The carrying values of cash and cash equivalents, which include money market funds and demand and time deposits, approximate fair value because of the short-term maturity of these instruments. The carrying amounts of other current assets and liabilities, such as accounts receivable and accounts payable, approximate fair value due to the short-term maturity of the amounts, and such amounts are considered Level 2 in the fair value hierarchy.
The Company held $300.0 million of short-term investments in time deposits and an insignificant amount of cash equivalents in the form of time deposits and money market funds as of September 27, 2024. The Company held an insignificant amount of investments in money market funds and no cash equivalents in the form of demand deposits or time deposits or investments in other assets as of December 31, 2023. Money market funds and demand deposits are classified as Level 1 while time deposits are classified as Level 2 within the fair value hierarchy.

Fair Value of Long-Term Debt, including Current Portion
The carrying amounts and fair values of the long-term borrowings were as follows (in millions):
As of
 September 27, 2024December 31, 2023
 Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
Long-term debt, including current portion (1)
0% Notes
$796.4 $1,203.3 $794.0 $1,334.4 
0.50% Notes
1,476.9 1,529.8 1,473.1 1,596.6 
3.875% Notes
695.3 669.2 694.4 652.0 
Revolving Credit Facility375.0 390.1 375.0 390.6 

(1) Carrying amounts shown are net of debt discount, if applicable, and debt issuance costs.

Fair values of the 0% Notes, 0.50% Notes and 3.875% Notes were estimated based on market prices in active markets (Level 1), and the Revolving Credit Facility was estimated based on discounting the remaining principal and interest payments using current market rates for similar debt (Level 2).

Note 11: Financial Instruments

Foreign Currencies

As a multinational business, the Company engages in transactions that are denominated in a variety of currencies. When appropriate, the Company uses forward foreign currency contracts to reduce its overall exposure to the effects of currency fluctuations on its results of operations and cash flows. The Company's policy prohibits trading in currencies for which there are no underlying exposures and entering into trades for any currency to intentionally increase the underlying exposure. The Company primarily hedges existing assets and liabilities associated with transactions currently on its balance sheet, which are undesignated hedges for accounting purposes. The Company is exposed to credit-related losses if counterparties to hedge contracts fail to perform their obligations.

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ON SEMICONDUCTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
(unaudited)


As of September 27, 2024 and December 31, 2023, the Company had net outstanding foreign exchange contracts with notional amounts of $286.6 million and $262.2 million, respectively. Such contracts were obtained through financial institutions and were scheduled to mature within one month from the time of purchase. Management believes that these financial instruments should not subject the Company to increased risks from foreign exchange movements because gains and losses on these contracts should offset losses and gains on the underlying assets, liabilities and transactions to which they are related.

The following summarizes the Company’s net foreign exchange positions in U.S. Dollars (in millions):
As of
September 27, 2024December 31, 2023
Buy (Sell)Notional AmountBuy (Sell)Notional Amount
Japanese Yen$34.7 $34.7 $55.2 $55.2 
Philippine Peso47.2 47.2 47.3 47.3 
Czech Koruna22.1 22.1 16.8 16.8 
Euro80.9 80.9 64.6 64.6 
Korean Won(37.9)37.9 (14.3)14.3 
Other Currencies - Buy54.9 54.9 54.4 54.4 
Other Currencies - Sell(8.9)8.9 (9.6)9.6 
$193.0 $286.6 $214.4 $262.2 

Amounts receivable or payable under the contracts were not material as of September 27, 2024 or December 31, 2023. During the quarters ended September 27, 2024 and September 29, 2023, net of the impact of the hedge positions, the realized and unrealized foreign currency transactions totaled a loss of $5.5 million and a gain of $1.5 million, respectively. During the nine months ended September 27, 2024 and September 29, 2023, net of the impact of the hedge positions, the realized and unrealized foreign currency transactions totaled a loss of $3.9 million and $1.2 million, respectively. The realized and unrealized foreign currency transactions are included in other income (expense) in the Consolidated Statements of Operations and Comprehensive Income.

Cash Flow Hedges

Foreign currency risk

The Company's foreign currency forward contracts generally mature within 12 months and are designated as cash flow hedges for accounting purposes. As of September 27, 2024, the notional value of outstanding foreign currency forward contracts designated as cash flow hedges was $158.6 million, with a fair value of $2.8 million recorded as other current assets. A loss of $1.4 million and $7.7 million was recognized as a component of cost of revenue for the quarter and nine months ended September 27, 2024, respectively. The Company did not identify any ineffectiveness with respect to the notional amounts of the foreign currency forward contracts effective as of September 27, 2024.

Other

As of September 27, 2024, the Company had no outstanding commodity derivatives, currency swaps, options or equity investments held at subsidiaries or affiliated companies. The Company does not hedge the value of its equity investments in its subsidiaries or affiliated companies. The Company is exposed to credit-related losses if its hedge counterparties fail to perform their obligations.

As of September 27, 2024, the counterparties to the Company's hedge contracts were held at financial institutions which the Company believes to be highly rated, and no credit-related losses are anticipated.

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ON SEMICONDUCTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
(unaudited)


Note 12: Income Taxes

公司在《综合收支表》中承认与不确定税务问题相关的利息和滞纳金计入税费。公司相应确认了约1000万美元的净利息和滞纳金。3.01百万美元和2.0截至2024年9月27日和2023年12月31日，公司确认的利息和滞纳金约为1000万美元。公司未承认的税收利益有可能在未来12个月内减少约1000万美元，因为适用的诉讼时效即将到期。3.8 在未来12个月内，由于适用诉讼时效到期，公司未承认的税收利益可能会减少1000万美元。

公司对其美国州递延税项资产保留部分估值准备金，并对主要在2025年到期的外国净经营亏损和税收抵免保留估值准备金。

税务年限在2021年之前通常不受美国国内税务局审查。对于州级税务申报，公司通常不受2019年之前税务年限的收入税审查。至于美国以外的司法管辖区，公司通常不受2014年之前税务年限的审查。

注13：累积其他综合损失变动

包括累计其他综合损失和重新分类的金额如下（单位：百万美元）：
货币翻译调整现金流量套期工具的影响总费用
2023年12月31日的余额$(52.5)$7.3 $(45.2)
其他综合收益（损失）重新分类之前(0.7)13.4 12.7 
重新分类的累计其他综合损失中的金额— (16.6)(16.6)
当期其他综合损失 (1)
(0.7)(3.2)(3.9)
截至2024年9月27日的余额$(53.2)$4.1 $(49.1)

(1) 现金流量套期产品的影响已经减去了税后影响$0.4 百万美元，截至2024年9月27日的九个月。

从累积其他综合损益重新分类至综合收益表中特定项目的金额如下（单位：百万美元）：
Quarters EndedNine Months Ended
 September 27, 2024September 29, 2023September 27, 2024September 29, 2023To caption
Cash flow hedges$(1.4)$— $(7.7)$(0.8)Cost of revenue
Interest rate swaps— (2.9)— (10.9)Interest expense
Interest rate swaps terminations(3.0)— (8.9)(6.9)Other income
Total reclassifications$(4.4)$(2.9)$(16.6)$(18.6)
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion in conjunction with our audited historical consolidated financial statements, which are included in the 2023 Form 10-K, and our unaudited consolidated financial statements for the fiscal quarter ended September 27, 2024, which are included elsewhere in this Form 10-Q. This Management's Discussion and Analysis of Financial Condition and Results of Operations contains statements that are forward-looking. These statements are based on expectations and assumptions as of the date of this Form 10-Q and are subject to risks, uncertainties and other factors. Actual results could differ materially because of the factors discussed below or elsewhere in this Form 10-Q. See Part II, Item 1A. "Risk Factors" of this Form 10-Q and Part I, Item 1A. "Risk Factors" of the 2023 Form 10-K.

Executive Overview

onsemi Overview

We provide intelligent power and intelligent sensing solutions with a primary focus towards automotive and industrial markets to help our customers solve challenging problems and create cutting-edge products for a better future. Our intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers efficient fast-charging systems and propels sustainable energy for the highest efficiency solar strings and industrial power. Our intelligent power solutions for the automotive industry allow our customers to exceed range targets with lower weight and reduce system cost through efficiency. We are utilizing our extensive range of power technologies to address the growing power demands of artificial intelligence and data centers. Our intelligent sensing technologies support the next generation industry, allowing for smarter factories and buildings while also enhancing the automotive mobility experience with imaging and depth sensing that make advanced vehicle safety and automated driving systems possible.

We believe the evolution of the automotive industry, with advancements in autonomous driving, ADAS, vehicle electrification, and the increase in electronics content for vehicle platforms, is reshaping the boundaries of transportation. Through sensing integration, we believe our intelligent power solutions achieve superior efficiencies compared to our peers. This integration allows lower temperature operation and reduced cooling requirements while saving costs and minimizing weight. In addition, our power solutions deliver power with less die per module, achieving higher range for a given battery capacity.

During the first quarter of 2024, we renamed our Advanced Solutions Group ("ASG") reportable segment to Analog and Mixed-Signal Group ("AMG") and reorganized the existing divisions within PSG and AMG. See Note 2: ''Segments and Revenue'' in the notes to the unaudited consolidated financial statements included elsewhere in this Form 10-Q for additional information regarding the segment reorganization. As of September 27, 2024, we were organized into the three operating and reportable segments of PSG, AMG and ISG.

Business Strategy Developments

Our primary focus continues to be on profitable revenue with stable gross margin by capturing high-growth megatrends in our focused end-markets of automotive and industrial infrastructure. We design products in highly-differentiated markets focused on customer needs while optimizing and right-sizing our manufacturing footprint to support growth and maintain gross margins through efficiencies and new product development. We are focused on achieving efficiencies in our operating and capital expenditures, capital allocation on research and development investments and resources to accelerate growth in high-margin products.

2024 Business Realignment

In an effort to streamline resources, drive organizational efficiencies, consolidate our global corporate footprint, and align with our "Fab Right" manufacturing strategy, we initiated the 2024 business realignment efforts during the second quarter of 2024. Under this business realignment, approximately 1,100 employees were notified of their employment termination and around 200 additional employees were reassigned or asked to relocate to another site so far. During the nine months ended September 27, 2024, we incurred severance and other related charges of approximately $70.1 million and asset impairments and other charges of approximately $29.5 million. For additional information, see Note 4: ''Restructuring, Asset Impairments and Other Charges, Net'' in the notes to our unaudited consolidated financial statements included elsewhere in this Form 10-Q.

Share Repurchases

During the quarter ended September 27, 2024, we repurchased approximately 2.8 million shares of common stock for an aggregate purchase price of $200.4 million. For additional information, see Note 7: ''Earnings Per Share and Equity'' in the notes to our unaudited consolidated financial statements included elsewhere in this Form 10-Q.

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Results of Operations

Quarter Ended September 27, 2024 compared to the Quarter Ended September 29, 2023

下表汇总了与我们的经营业绩相关的某些信息，这些信息来自我们未经审计的合并财务报表（以百万计）：
 季度已结束
 2024年9月27日2023 年 9 月 29 日美元兑换
收入$1,761.9 $2,180.8 $(418.9)
收入成本962.5 1,150.1 (187.6)
毛利润799.4 1,030.7 (231.3)
运营费用：
研究和开发151.0 143.4 7.6 
销售和营销65.4 68.2 (2.8)
一般和行政95.5 110.7 (15.2)
与收购相关的无形资产的摊销13.0 12.0 1.0 
重组、资产减值和其他费用，净额29.1 9.4 19.7 
运营费用总额354.0 343.7 10.3 
营业收入445.4 687.0 (241.6)
其他收入（支出），净额：
利息支出(15.7)(16.2)0.5 
利息收入28.6 25.7 2.9 
业务剥离造成的损失— (0.1)0.1 
其他收入（支出）(3.7)1.1 (4.8)
其他收入（支出），净额9.2 10.5 (1.3)
所得税前收入454.6 697.5 (242.9)
所得税条款(51.9)(114.6)62.7 
净收入402.7 582.9 (180.2)
减去：归属于非控股权益的净收益(1.0)(0.2)(0.8)
归属于安森半导体公司的净收益$401.7 $582.7 $(181.0)

Revenue

Revenue was $1,761.9 million and $2,180.8 million for the quarters ended September 27, 2024 and September 29, 2023, respectively, representing a decrease of $418.9 million, or approximately 19%, year over year. We had one customer, a distributor, whose revenue accounted for approximately 12% and 11% of our total revenue for the quarters ended September 27, 2024 and September 29, 2023, respectively.

Revenue by operating and reportable segments was as follows (dollars in millions):
 
Quarter Ended September 27, 2024
As a % of
Total Revenue (1)
Quarter Ended September 29, 2023
As a % of
Total Revenue (1)
PSG$829.4 47.1 %$1,076.5 49.4 %
AMG653.7 37.1 %775.7 35.6 %
ISG278.8 15.8 %328.6 15.1 %
Total revenue$1,761.9 $2,180.8 

(1) Certain amounts may not total due to rounding of individual amounts.

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Revenue from PSG decreased by $247.1 million, or approximately 23%, for the quarter ended September 27, 2024 compared to the quarter ended September 29, 2023. Revenue from our Automotive Power Division, Multi-Market Power Division and Industrial Power Division decreased by $129.7 million, $58.9 million and $58.5 million, respectively, primarily driven by a decrease in demand in the automotive and industrial end-markets.

Revenue from AMG decreased by $122.0 million, or approximately 16%, for the quarter ended September 27, 2024 compared to the quarter ended September 29, 2023. Revenue from our Sensor Interface Division, Power Management Division and Integrated Circuit Division decreased by $65.4 million, $47.4 million and $9.2 million, respectively, primarily due to a decrease in demand in the automotive and industrial end-markets.

Revenue from ISG decreased by $49.8 million, or approximately 15%, for the quarter ended September 27, 2024 compared to the quarter ended September 29, 2023, largely driven by a decrease in revenue from our Industrial and Consumer Solutions Division and Automotive Sensing Division of $35.1 million and $14.7 million, respectively, primarily due to the decrease in demand for these products in the automotive and industrial end-markets.

Revenue by geographic location, based on sales billed from the respective country or region, was as follows (dollars in millions): 
Quarter Ended September 27, 2024
As a % of
Total Revenue (1) 
Quarter Ended September 29, 2023
As a % of
Total Revenue (1)
Hong Kong$466.9 26.5 %$581.9 26.7 %
Singapore449.5 25.5 %506.8 23.2 %
United Kingdom395.8 22.5 %464.2 21.3 %
United States281.9 16.0 %424.5 19.5 %
Other167.8 9.5 %203.4 9.3 %
Total revenue$1,761.9 $2,180.8 

(1) Certain amounts may not total due to rounding of individual amounts.

Gross Profit and Gross Margin

Gross profit decreased by $231.3 million, or approximately 22%, to $799.4 million for the quarter ended September 27, 2024 compared to $1,030.7 million for the quarter ended September 29, 2023. This was primarily due to the decline in sales volume from existing products and new products which negatively impacted gross profit by approximately $162 million and $77 million, respectively, partially offset by approximately $8 million due to a reduction in the lower-margin manufacturing services revenue at our EFK location.

Our gross margin decreased by approximately 1.9 percentage points to 45.4% for the quarter ended September 27, 2024 from 47.3% for the quarter ended September 29, 2023, primarily due to changes as explained in the segment gross margin sections below.

Our gross profit by operating and reportable segments was as follows (dollars in millions):
 
截至2024年9月27日的季度
占总数的百分比
收入
截至2023年9月29日的季度
占总数的百分比
收入
PSG$344.9 41.6 %$513.5 47.7 %
AMG325.3 49.8 %361.1 46.6 %
ISG129.2 46.3 %156.1 47.5 %
毛利总额$799.4 45.4 %$1,030.7 47.3 %

以下提供了截至2024年9月27日的季度与2023年9月29日季度毛利润金额和毛利率百分比波动的解释:

PSG 毛利润减少了1.686亿美元，主要是由于现有产品和新产品的成交量下降，这分别对毛利润产生了大约9100万和7700万的负面影响。PSG 毛利率下降了6.1个百分点，从47.7%降至41.6%，主要是由于成交量下降、闲置使用率低以及不利产品组合的相关影响。
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AMG的毛利润减少了3580万美元，主要是由于现有产品销售量下降，从而对毛利润产生了约4300万美元的负面影响，部分抵消了由于在我们EFk地点降低了低毛利率制造业务收入而带来的约800万美元的改善毛利润。 AMG的毛利率从46.6%上升了3.2个百分点至49.8%，主要是由于在我们EFk地点降低了低毛利率制造业务收入和产品组合有利变化。

ISG毛利润减少了2690万美元，主要是由于现有产品销售量下降所致。ISG毛利率从47.5%下降了1.2个百分点到46.3%，主要是由于产品结构不利的变化所致。

营业费用

截至2024年9月27日的季度，研发费用为15100万美元，而2023年9月29日季度为14340万美元，增加了760万美元，约为5%。主要增加是由于工资相关费用和生产物资的增加。

截至2024年9月27日的季度，销售和营销费用为6540万美元，较2023年9月29日的6820万美元下降280万美元，或约为4%。这一减少主要归因于销售佣金的减少。

截至2024年9月27日的当季，一般行政费用为9550万美元，较2023年9月29日的当季的11070万美元下降了1520万美元，或约14%。这一降低主要是由于与策略合作伙伴的坏账准备减少，相比于2023年9月29日的当季。

其他营业费用

摊销收购相关无形资产

Amortization of acquisition-related intangible assets was $13.0 million for the quarter ended September 27, 2024, as compared to $12.0 million for the quarter ended September 29, 2023, representing an increase of $1.0 million, or approximately 8%.

Restructuring, Asset Impairments and Other, Net

Restructuring, asset impairments and other, net was $29.1 million for the quarter ended September 27, 2024, as compared to $9.4 million for the quarter ended September 29, 2023. Charges incurred for the quarter ended September 27, 2024 primarily relate to restructuring actions during the period. See Note 4: ''Restructuring, Asset Impairments and Other Charges, Net'' in the notes to our unaudited consolidated financial statements included elsewhere in this Form 10-Q for additional information.

Interest Expense

Interest expense decreased by $0.5 million to $15.7 million during the quarter ended September 27, 2024, as compared to $16.2 million during the quarter ended September 29, 2023. The decrease was primarily due to the maturity of the 1.625% Notes in 2023. Our average gross long-term debt for the quarter ended September 27, 2024 was $3,379.9 million at a weighted-average interest rate of 1.9%, as compared to $3,499.5 million at a weighted-average interest rate of 1.8% for the quarter ended September 29, 2023. The calculation of our weighted-average interest rates includes the effect of our interest rate swap agreements.

Interest Income

Interest income increased by $2.9 million, or approximately 11%, to $28.6 million during the quarter ended September 27, 2024 compared to $25.7 million during the quarter ended September 29, 2023, primarily due to higher interest rates and increased balances in interest-bearing accounts.

Other Income (Expense)

During the quarter ended September 27, 2024, other income was $3.7 million compared to an expense of $1.1 million during the quarter ended September 29, 2023.

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Income Tax Provision

We recorded an income tax provision of $51.9 million and $114.6 million for the quarters ended September 27, 2024 and September 29, 2023, respectively, representing effective tax rates of 11.4% and 16.4%, respectively. The decrease in our effective tax rate is mainly due to return-to-provision adjustments reflecting additional tax benefits from Foreign Derived Intangible Income.

For additional information, see Note 12: ''Income Taxes'' in the notes to the unaudited consolidated financial statements included elsewhere in this Form 10-Q.

Results of Operations

Nine Months Ended September 27, 2024 compared to the Nine Months Ended September 29, 2023

The following table summarizes certain information relating to our operating results that has been derived from our unaudited consolidated financial statements (in millions): 
 Nine Months Ended
 September 27, 2024September 29, 2023Dollar Change
Revenue$5,359.8 $6,234.9 $(875.1)
Cost of revenue2,922.8 3,293.3 (370.5)
Gross profit2,437.0 2,941.6 (504.6)
Operating expenses:
Research and development457.5 427.1 30.4 
Selling and marketing203.1 211.6 (8.5)
General and administrative275.8 273.8 2.0 
Amortization of acquisition-related intangible assets38.5 39.0 (0.5)
Restructuring, asset impairments and other charges, net103.0 63.5 39.5 
Total operating expenses1,077.9 1,015.0 62.9 
Operating income1,359.1 1,926.6 (567.5)
Other income (expense), net:
Interest expense(47.0)(59.0)12.0 
Interest income83.6 66.8 16.8 
Loss on debt prepayment— (13.3)13.3 
Loss on divestiture of business— (0.7)0.7 
Other income(0.8)4.5 (5.3)
Other income (expense), net35.8 (1.7)37.5 
Income before income taxes1,394.9 1,924.9 (530.0)
Income tax provision(200.1)(302.7)102.6 
Net income1,194.8 1,622.2 (427.4)
Less: Net income attributable to non-controlling interest(1.9)(1.2)(0.7)
Net income attributable to ON Semiconductor Corporation$1,192.9 $1,621.0 $(428.1)

Revenue

Revenue was $5,359.8 million and $6,234.9 million for the nine months ended September 27, 2024 and September 29, 2023, respectively, representing a decrease of $875.1 million, or approximately 14%, year over year. We had one customer, a distributor, whose revenue accounted for approximately 11% and 10% of our total revenue for the nine months ended September 27, 2024 and September 29, 2023, respectively.

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Revenue by operating and reportable segments was as follows (dollars in millions):
Nine Months Ended September 27, 2024
As a % of
Total Revenue (1)
Nine Months Ended September 29, 2023
As a % of
Total Revenue (1)
PSG$2,538.8 47.4 %$2,914.8 46.7 %
AMG1,998.5 37.3 %2,312.3 37.1 %
ISG822.5 15.3 %1,007.8 16.2 %
Total revenue$5,359.8 $6,234.9 

(1) Certain amounts may not total due to rounding of individual amounts.

Revenue from PSG decreased by $376.0 million, or approximately 13%, for the nine months ended September 27, 2024 compared to the nine months ended September 29, 2023. Revenue from our Multi-Market Power Division, Industrial Power Division and Automotive Power Division decreased by $176.3 million, $115.8 million and $83.9 million, respectively, primarily driven by a decrease in demand in the automotive and industrial end-markets.

Revenue from AMG decreased by $313.8 million, or approximately 14%, for the nine months ended September 27, 2024 compared to the nine months ended September 29, 2023. Revenue from our Power Management Division, Integrated Circuit Division and Sensor Interface Division decreased by $157.3 million, $78.6 million and $77.9 million, respectively, primarily due to a decrease in demand in the automotive and industrial end-markets.

Revenue from ISG decreased by $185.3 million, or approximately 18%, for the nine months ended September 27, 2024 compared to the nine months ended September 29, 2023, largely driven by a decrease in revenue from our Industrial and Consumer Solutions Division and Automotive Sensing Division of $100.3 million and $85.0 million, respectively, primarily due to the decrease in demand for these products in the automotive and industrial end-markets.

Revenue by geographic location, including local sales made by operations within each area, based on sales billed from the respective region, was as follows (dollars in millions):
Nine Months Ended September 27, 2024
As a % of
Total Revenue (1) 
Nine Months Ended September 29, 2023
As a % of
Total Revenue (1)
Hong Kong$1,325.8 24.7 %$1,602.5 25.7 %
Singapore1,273.0 23.8 %1,476.8 23.7 %
United Kingdom1,253.6 23.4 %1,326.8 21.3 %
United States1,025.7 19.1 %1,194.5 19.2 %
Other481.7 9.0 %634.3 10.2 %
Total revenue$5,359.8 $6,234.9 

(1) Certain amounts may not total due to rounding of individual amounts.

Gross Profit and Gross Margin

Gross profit was $2,437.0 million for the nine months ended September 27, 2024 compared to $2,941.6 million for the nine months ended September 29, 2023, representing a decrease of $504.6 million, or approximately 17%. This was primarily due to the decline in sales volume from existing products and new products which negatively impacted gross profit by approximately $487 million and $79 million, respectively, partially offset by approximately $62 million due to a reduction in the lower-margin manufacturing services revenue at our EFK location.

Our gross margin decreased by 1.7 percentage points to 45.5% for the nine months ended September 27, 2024 from 47.2% for the nine months ended September 29, 2023, primarily due to changes as explained in the segment gross margin sections below.

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Our gross profit by operating and reportable segments was as follows (dollars in millions): 
Nine Months Ended September 27, 2024
As a % of
Revenue
Nine Months Ended September 29, 2023
As a % of
Revenue
PSG$1,059.1 41.7 %$1,377.9 47.3 %
AMG986.0 49.3 %1,075.3 46.5 %
ISG391.9 47.6 %488.4 48.5 %
Total gross profit$2,437.0 45.5 %$2,941.6 47.2 %

Explanation for the increase or decrease in gross profit amounts and gross margin percentages for the nine months ended September 27, 2024 compared to the nine months ended September 29, 2023 is provided below:

PSG gross profit decreased by $318.8 million, primarily driven by the decline in sales volume from existing products and new products which negatively impacted gross profit by approximately $240 million and $79 million, respectively. PSG gross margin decreased by 5.6 percentage points to 41.7% from 47.3%, primarily as a result of the decline in volume, underutilization and the related impact of unfavorable product mix.

AMG gross profit decreased by $89.3 million, primarily driven by the decline sales volume from existing products which negatively impacted gross profit by approximately $151 million, partially offset by improved gross profit of approximately $62 million from the lower-margin manufacturing services revenue at our EFK location. AMG gross margin increased by 2.8 percentage points to 49.3% from 46.5%, primarily due to the reduction in the lower-margin manufacturing services revenue at our EFK location.

ISG gross profit decreased by $96.5 million, primarily driven by the decline in sales volume from existing products. ISG gross margin decreased 0.9 percentage points to 47.6% from 48.5%, primarily driven by unfavorable changes in product mix.

Operating Expenses

Research and development expenses were $457.5 million for the nine months ended September 27, 2024, as compared to $427.1 million for the nine months ended September 29, 2023, representing an increase of $30.4 million, or approximately 7%. The increase was primarily attributable to an increase in payroll-related expenses and production supplies, partially offset by a decrease in variable compensation.

Selling and marketing expenses were $203.1 million for the nine months ended September 27, 2024, as compared to $211.6 million for the nine months ended September 29, 2023, representing a decrease of $8.5 million, or approximately 4%. The decrease was primarily attributable to a decrease in sales commissions.

General and administrative expenses were $275.8 million for the nine months ended September 27, 2024, as compared to $273.8 million for the nine months ended September 29, 2023, representing an increase of $2.0 million, or approximately 1%. The increase was primarily attributable to expenses associated with information technology initiatives, partially offset by a decrease in the bad debt provision with a strategic business partner and a decrease in variable compensation.

Other Operating Expenses

Amortization of Acquisition-Related Intangible Assets

Amortization of acquisition-related intangible assets was $38.5 million and $39.0 million for the nine months ended September 27, 2024 and September 29, 2023, respectively, representing a decrease of $0.5 million, or approximately 1%. The decrease was due to a reduction in amortization expense as certain intangible assets became fully amortized.

Restructuring, Asset Impairments and Other, Net

Restructuring, asset impairments and other, net was $103.0 million for the nine months ended September 27, 2024, as compared to $63.5 million for the nine months ended September 29, 2023, representing an increase of $39.5 million. Amounts incurred for the nine months ended September 27, 2024 related primarily to the business realignment efforts in the first nine months of 2024. See Note 4: ''Restructuring, Asset Impairments and Other Charges, Net'' in the notes to our unaudited consolidated financial statements included elsewhere in this Form 10-Q for additional information.
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Interest Expense

Interest expense decreased by $12.0 million to $47.0 million during the nine months ended September 27, 2024, as compared to $59.0 million during the nine months ended September 29, 2023. The decrease was primarily due to higher variable-rate debt that was paid down and replaced by the 0.50% Notes in 2023. Our average gross long-term debt balance for the nine months ended September 27, 2024 was $3,379.9 million at a weighted-average interest rate of 1.9%, as compared to $3,363.9 million at a weighted-average interest rate of 2.3% for the nine months ended September 29, 2023. The calculation of our weighted-average interest rates includes the effect of our interest rate swap agreements.

Interest Income

Interest income increased by $16.8 million, or approximately 25%, to $83.6 million during the nine months ended September 27, 2024 compared to $66.8 million during the nine months ended September 29, 2023, primarily due to higher interest rates and increased balances in interest-bearing accounts.

Loss on Debt Prepayment

There was no loss on debt prepayment recognized for the nine months ended September 27, 2024, as compared to $13.3 million for the nine months ended September 29, 2023 due to the write-off relating to the partial repayment of the Term Loan "B" Facility in 2023.

Other Income (Expense)

Other income (expense) was an income of $0.8 million for the nine months ended September 27, 2024 as compared to $4.5 million for the nine months ended September 29, 2023.

Income Tax Provision

We recorded an income tax provision of $200.1 million and $302.7 million during the nine months ended September 27, 2024 and September 29, 2023, respectively, representing effective tax rates of 14.3% and 15.7%, respectively. The decrease in our effective tax rate is mainly due to return-to-provision adjustments reflecting additional tax benefits from Foreign Derived Intangible Income.

For additional information, see Note 12: ''Income Taxes'' in the notes to the unaudited consolidated financial statements included elsewhere in this Form 10-Q.

Liquidity and Capital Resources

Overview

Our principal sources of liquidity are cash on hand, cash generated from operations, available borrowings under our Revolving Credit Facility as well as new debt and/or equity issuances. In the near term, we expect to fund our cash requirements by utilizing any or a combination of these principal sources, including any amounts required to satisfy our current portion of long-term debt. Our cash and cash equivalents and short-term investments were approximately $2.8 billion as of September 27, 2024, and the Revolving Credit Facility has approximately $1.1 billion available for future borrowings.

We require cash to: (i) fund our operating expenses, working capital requirements, outlays for strategic acquisitions and investments; (ii) service our debt, including principal and interest; (iii) incur capital expenditures; and (iv) repurchase our common stock. During the ordinary course of business, we evaluate our cash requirements and, if necessary, adjust our expenditures to reflect the current market conditions and our projected sales and demand. Our capital expenditures are primarily directed towards manufacturing equipment. Future capital expenditures may be impacted by events and transactions that are not currently forecasted.

We believe that our cash on hand, cash generated from our operations and the amounts available under the Revolving Credit Facility are adequate to meet our working capital requirements and other business needs for at least the next 12 months.

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Operating Activities

Our cash flows from operating activities were $1,326.7 million and $1,366.3 million for the nine months ended September 27, 2024 and September 29, 2023, respectively. The decrease of $39.6 million was primarily due to a reduction in net income driven by lower end-market demand for our products partially offset by the timing of cash receipts and payments related to working capital balances.

Our ability to maintain positive operating cash flows is dependent on, among other factors, our success in achieving our revenue goals and manufacturing and operating cost targets. Management of our assets and liabilities, including both working capital and long-term assets and liabilities, also influences our operating cash flows.

Investing Activities

Our cash flows used in investing activities were $858.1 million and $1,352.7 million for the nine months ended September 27, 2024 and September 29, 2023, respectively. The decrease of $494.6 million was primarily attributable to a decrease in capital expenditures and payments for the acquisition of our EFK location during the nine months ended September 29, 2023 partially offset by the purchase of short-term investments. Our capital expenditures as a percent of revenue were approximately 10%, and we expect capital expenditures to be in the range of 8% - 10% of revenue for the remainder of 2024.

Financing Activities

Our cash flows used in financing activities were $480.5 million and $254.3 million for the nine months ended September 27, 2024 and September 29, 2023, respectively. The increase of $226.2 million was primarily attributable to increased share repurchases during the nine months ended September 27, 2024 compared to the same period in 2023. Additionally, during the nine months ended September 29, 2023, we had net cash outflows related to the establishment of our New Credit Agreement.

We do not have any meaningful debt maturing during the next 12 months. Our 0% Notes are also classified as a current liability based on share price trigger provisions. We expect to continue our Share Repurchase Program subject to market conditions, the price of our shares and other factors (including liquidity needs). However, the Share Repurchase Program may be modified, suspended or terminated by the Board of Directors at any time without prior notice.

Key Factors Potentially Affecting Liquidity

We believe that the key factors that could adversely affect our internal and external sources of cash include, among other considerations:
•changes in demand for our products, competitive pricing pressures, supply chain constraints, effective management of our manufacturing capacity, our ability to achieve further reductions in operating expenses, our ability to make progress on the achievement of our business strategy and sustainability goals, the impact of our restructuring programs on our production and cost efficiency, and our ability to make the research and development expenditures required to remain competitive in our business; and
•the debt and equity capital markets could impact our ability to obtain needed financing on acceptable terms or to respond to business opportunities and developments as they arise, including interest rate fluctuations, macroeconomic conditions, sudden reductions in the general availability of lending from banks or the related increase in cost to obtain bank financing and our ability to maintain compliance with covenants under our debt agreements in effect from time to time.

Debt Guarantees and Related Covenants

As of September 27, 2024, we were in compliance with the indentures relating to our 0% Notes, 0.50% Notes and 3.875% Notes and with covenants included in the New Credit Agreement. The 0% Notes, 0.50% Notes and 3.875% Notes are senior to the existing and future subordinated indebtedness of onsemi and its guarantor subsidiaries, rank equally in right of payment to all of our existing and future senior debt and, as unsecured obligations, are subordinated to all of our existing and future secured debt to the extent of the assets securing such debt.

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Recent Accounting Pronouncements

For a discussion of recent accounting pronouncements, see Note 3: ''Recent Accounting Pronouncements and Other Developments'' in the notes to the unaudited consolidated financial statements included elsewhere in this Form 10-Q and our 2023 Form 10-K.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There have been no material changes in market risk from the information presented in Part II, Item 7A. "Quantitative and Qualitative Disclosures About Market Risk," in the 2023 Form 10-K.

Item 4.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were effective to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

We also carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of changes to our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that occurred during the fiscal quarter ended September 27, 2024.

There have been no changes to our internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) that occurred during the fiscal quarter ended September 27, 2024 which have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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PART II: OTHER INFORMATION

Item 1. Legal Proceedings

See Note 9: ''Commitments and Contingencies'' under the heading "Legal Matters" in the notes to the consolidated unaudited financial statements included elsewhere in this Form 10-Q for additional information on our legal proceedings and related matters. See also Part I, Item 1 "Business - Government Regulation" of the 2023 Form 10-K for information on certain environmental matters.

Item 1A. Risk Factors

Our business, financial condition and results of operations are subject to a number of trends, risks and uncertainties. We review and, where applicable, update our risk factors each quarter. There have been no material changes from the risk factors disclosed in Part I, Item 1A of the 2023 Form 10-K.

Forward-Looking Statements

This Quarterly Report on Form 10-Q includes "forward-looking statements," as that term is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements, other than statements of historical facts, included or incorporated in this Form 10-Q could be deemed forward-looking statements, particularly statements about our plans, strategies and prospects under the heading "Management’s Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements are often characterized by the use of words such as "believes," "estimates," "expects," "projects," "may," "will," "intends," "plans," "anticipates," "should" or similar expressions, or by discussions of strategy, plans or intentions. All forward-looking statements in this Form 10-Q are made based on our current expectations, forecasts, estimates and assumptions and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements.

Important factors that could cause our actual results to differ materially from those anticipated in the forward-looking statements are described under Part I, Item 1A "Risk Factors" in the 2023 Form 10-K, in this Form 10-Q and from time to time in our other SEC reports. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information, which speaks only as of the date made, except as may be required by law. Investing in our securities involves a high degree of risk and uncertainty, and you should carefully consider the trends, risks and uncertainties described in the aforementioned reports and subsequent reports filed with or furnished to the SEC before making any investment decision with respect to our securities. The risk factors described herein and in our 2023 Form 10-K are not all of the risks we may face. Other risks not presently known to us or that we currently believe are immaterial may materially affect our business. If any of the trends, risks or uncertainties actually occurs or continues, our business, financial condition or operating results could be materially adversely affected, the trading prices of our securities could decline and you could lose all or part of your investment. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information regarding repurchases of our common stock during the quarter ended September 27, 2024:
Period (1)
Total Number of Shares Purchased
Average Price Paid per Share ($)
Total Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximate Dollar value of Shares that May Yet be Purchased Under the Plans or Programs (in millions) ($)
June 29, 2024 - July 26, 2024— — — 2,186.0 
July 27, 2024 - August 23, 20242,469,967 71.90 2,469,957 2,008.4 
August 24, 2024 - September 27, 2024298,577 75.20 298,577 1,986.0 
Total2,768,544 72.26 2,768,534 

(1) These time periods represent our fiscal month start and end dates for the third quarter of 2024.

Shares withheld to satisfy statutory tax withholding requirements related to the vesting of share-based awards are not issued or considered repurchases of our common stock under our Share Repurchase Program and, therefore, are excluded from the table above.

Share Repurchase Program

In February 2023, the Board of Directors approved a share repurchase program (the "Share Repurchase Program"), which allows for the repurchase of our common stock from time to time in privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and Rule 10b-18 of the Exchange Act, or by any combination of such methods or other methods. The Share Repurchase Program, which does not require us to purchase any minimum amount of our common stock, has an aggregate limit of $3.0 billion from February 8, 2023 through December 31, 2025 (exclusive of fees, commissions and other expenses). Any repurchases will be at the Company’s discretion and will be subject to market conditions, the price of our shares and other factors (including liquidity needs). The Share Repurchase Program may be modified, suspended or terminated by the Board of Directors at any time without prior notice.

There were 2.8 million shares of the Company's common stock repurchased under the Share Repurchase Program during the quarter ended September 27, 2024. As of September 27, 2024, the authorized amount remaining under the Share Repurchase Program was approximately $2.0 billion.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Insider Trading Arrangements

During the quarter ended September 27, 2024, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" (as those terms are defined in Item 408 of Regulation S-K).


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Item 6. Exhibits

EXHIBIT INDEX
 
Exhibit No.
Exhibit Description*
31.1  
 31.2  
 32  
10.1
 101.INS  
XBRL Instance Document (1)
 101.SCH  
XBRL Taxonomy Extension Schema Document (1)
 101.CAL  
XBRL Taxonomy Extension Calculation Linkbase Document (1)
 101.DEF  
XBRL Taxonomy Extension Definition Linkbase Document (1)
 101.LAB   
XBRL Taxonomy Extension Label Linkbase Document (1)
 101.PRE  
XBRL Taxonomy Extension Presentation Linkbase Document (1)
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
*
根据《交易法案》（表格10-K、表格10-Q和表格8-K）的报告已在文件编号000-30419和文件编号001-39317下提交。
†
公司已根据《S-K条例》第601(b)(2)项的规定省略了某些附表和展览，如美国证券交易委员会要求，同意根据要求向委员会补充提供任何被省略的附表或展览的副本。
(1)
随此提交。
(2)
随附。
(3)
管理合同或补偿计划、合同或安排。

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签名

根据证券交易法的规定，本注册申请人已通过其代表被授权签字的方式正式发出这份报告。
  英飞凌半导体公司
(注册人)
    
日期：2024年10月28日由：/s/ THAD TRENT
   Thad Trent
   
执行副总裁，首席财务官和司库
(信安金融和会计主管以及被授权签署该报告的官员)





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