Ansemy announces its revenue growth strategy plan, expected to reach three times the average growth rate of the semiconductor industry

Ansemy announces its revenue growth strategy plan, expected to reach three times the average growth rate of the semiconductor industry

Continuous execution and attention to trends in the automotive and industrial sectors,

Promoted Ansemy to achieve excellent performance and laid the foundation for future strategies

On May 26, 2023, Ansemi (NASDAQ: ON), a leading company in smart power and smart sensing technology, held an investor conference in New York City on May 16, 2023, with the theme of "Accelerating towards a Sustainable Ecosystem." The conference focused on how the company's transformation over the past two years has driven it to surpass industry performance and revealed its strategic plan to accelerate growth until 2027. Not long before this event, Ansemy's first quarter performance exceeded Wall Street's expectations.

Ansemy is doubling its efforts to develop high-end intelligent power supplies and intelligent sensing businesses in the automotive and industrial sectors, with a focus on silicon carbide (SiC), silicon power supplies (IGBT, FET), and power ICs. According to Ansemy's accelerated growth financial model, the company's compound annual growth rate (CAGR) for revenue is expected to reach 10% to 12% from 2022 to 2027, which is three times the expected growth rate in the semiconductor market. Additionally, through new product launches and investing incremental profits in SiC production, its gross profit margin target for 2027 is expected to reach 53%. The overall strategy of the company is also shifting from Fab Liter to Fab Right, with the former focusing on establishing a flexible and low fixed cost production layout, while the latter emphasizes optimizing asset allocation to improve efficiency and achieve impressive return on capital investment (ROIC).

Hassane El Khoury, President and CEO of Ansemy, said, "Despite the current uncertain market environment, Ansemy is still accelerating growth beyond expectations, thanks to our focus on structural change trends in the two key markets of automotive and industry, and our efforts to support the construction of a sustainable ecosystem.". As many customers have commented, we will continue to consolidate our leading position in the SiC field through EliteSiC technology, which is a crucial step towards net zero emissions. Thank you to our employees for their dedication and perseverance, which have helped the company achieve higher efficiency, outstanding performance, and a higher level of sustainability

Ansemy highlighted several recent news announcements in the automotive and energy sectors, sharing how the company can continue to consolidate its position in key areas. Ansemy will continue to be committed to providing key components for automotive electrification, advanced driving assistance systems (ADAS), energy storage and charging, as well as autonomous mobile robots and machine vision, creating solutions to achieve sustainable ecosystems.

The highlights are as follows:

·Strategic cooperation with Kempower to provide advanced SiC MOSFETs and diodes for its DC fast charging stations

·Announce that Sineng Electric will integrate Ansemy's EliteSiC MOSFET and high-density power integration modules based on IGBT in its utility grade solar inverters and industry-leading 200 kW energy storage systems (ESS)

·Delivery of the Billionth Inductive Sensor Interface Integrated Circuit (IC) to HELLA, an international automotive parts supplier and a subsidiary of the FORVIA Group

·Signed a Long Term Supply Agreement (LTSA) with the luxury intelligent pure electric brand ZEEKR. Ansemy will provide silicon carbide (SiC) power devices for Extreme Krypton to improve the powertrain energy efficiency of its intelligent electric vehicles (EVs)

·Launching the Hyperlux image sensor series, which is a key enabling technology for developing advanced driving assistance systems (ADAS) and autonomous driving (AD) solutions

·Launch the latest generation of industrial and automotive grade EliteSiC M3S MOSFETs and modules

·Received the 2022 Supplier of the Year Award from the global automotive leader Hyundai Motor Group (HMG)