ON Semi's New ICs for Small LCDs - Analyst Blog
January 16 2013 - 9:00AM
Zacks
ON Semiconductor
(ONNN) launched two image signal processor integrated circuits
(ICs), LC749000PT and LC749000AT for automotive and consumer
applications.
The LC749000PT (for the automotive
sector) can be used in a car’s reversing camera applications and
navigation systems. The LC749000AT for the consumer sector will be
used for video monitoring security systems where small LCD screens
are required.
These ICs save energy and also
support advanced signal technology, providing better compressed
images in the small LCD screens.
Liquid crystal display (LCD) is an
immensely popular consumer device and is used in a wide range of
applications, such as in computer monitors, televisions, instrument
panels and aircraft cockpit displays. LCD is also used in consumer
devices such as video players, gaming devices, clocks, watches,
calculators and telephones.
Currently, LCD panels are found in
various sizes starting from 2.5 to 32 inches. Resolution of the
screen is hampered if the screen sizes are smaller. ON Semi’s ICs
can plug this loophole by enabling the display of sharper and
clearer pictures on a smaller LCD panel.
Automobile manufacturers such as
General Motors (GM) and Toyota Motors
Corp. (TM) provide features like rear-view cameras and
government mandates in the U.S. will ensure increased adoption.
According to iSuppli, shipments of automotive displays may reach
116.8 million units by 2016 growing at a double-digit rate in each
year. Thus, there is a good opportunity for ON Semi to supply these
ICs to manufacturers and suppliers of LCD display panels.
ON Semi reported revenues of $744.8
million in the second quarter of fiscal 2012, flat sequentially,
but down 17.8% year over year. Reported revenues were within
management’s guidance range of $720.0-760.0 million, or down 1-6%
sequentially.
On a pro forma basis, the company
reported a net income of $51.1 million, or 6.9% net income margin
compared with $52.4 million, or 6.8% in the previous quarter and
$113.2 million or 13.0% in the first quarter of 2012.
On Semi has a Zacks Rank #2
(Buy).
GENERAL MOTORS (GM): Free Stock Analysis Report
ON SEMICON CORP (ONNN): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
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