Company Directory - ON Semiconductor Corporation
Company Details - ON Semiconductor Corporation
ON Semiconductor Corporation
WebsiteOnsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. It is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market.
CCI Score
CCI Score: ON Semiconductor Corporation
-32.11
0.02%
Latest Event
On Semiconductor's Job Cuts Raise Labor Rights Concerns
On Semiconductor announced a restructuring plan involving the elimination of approximately 2,400 jobs. This significant workforce reduction raises serious concerns over labor rights and worker protections, potentially contributing to authoritarian corporate practices that disregard the welfare of employees.
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TOADIE
ON Semiconductor Corporation is currently rated as a Toadie.
Latest Events
- FEB252025
On Semiconductor announced a restructuring plan involving the elimination of approximately 2,400 jobs. This significant workforce reduction raises serious concerns over labor rights and worker protections, potentially contributing to authoritarian corporate practices that disregard the welfare of employees.
-50
Labor Relations and Human Rights Practices
March 24
The decision to cut 2,400 jobs indicates a disregard for labor rights and worker security. Such large-scale layoffs can be seen as part of broader corporate practices that undermine the economic stability of workers, aligning with anti-fascist criticisms of corporate complicity in authoritarian practices by prioritizing profit over the well-being of employees.
On Semiconductor to Cut About 2,400 Jobs in Restructuring Plan
- JUN272024
A BCG article highlights the urgent need for corporations to transform their supply chain practices to ensure human rights and prevent forced labor. As a major supplier in the automotive and industrial markets, On Semiconductor Corporation is under increased scrutiny, with the article implying that companies without proactive measures may be complicit in human rights abuses.
-20
Supply Chain Ethics
March 24
The article underlines the importance of implementing comprehensive human rights and ethical oversight in supply chains. Given On Semiconductor's critical role in the supply chain for automotive and industrial semiconductors, a lack of clear public initiatives or policies addressing these concerns could imply complicity in perpetuating systemic labor abuses. The call from BCG for enhanced supplier due diligence suggests that companies not actively reforming their practices may be negatively contributing to broader human rights issues.
- JAN042024
A shareholder derivative suit alleges that Onsemi's current and former executives and board members misrepresented the stability of demand and revenue growth, overstating the impact of long-term supply agreements. The misrepresentation raises concerns about corporate governance and ethical responsibility, undermining investor trust.
-50
Business Practices and Ethical Responsibility
March 24
The lawsuit alleges that Onsemi's executives and board members deliberately misrepresented key performance metrics, such as demand stability and revenue growth, to bolster market confidence. This behavior undermines ethical business practices and could contribute to a broader corporate culture that enables misleading practices, ultimately eroding public trust in corporate governance.
ON Semiconductor Execs, Board Sued Over Alleged Demand Misrepresentations
- OCT172023
The Digitimes article reports that chipmakers have intensified their lobbying efforts in the US Congress amid rising geopolitical tensions linked to the US-China chip war. As a major player in the semiconductor industry, ON Semiconductor is likely part of this broader industry movement, which relies on increased political influence to protect corporate interests.
-40
Political Contributions and Lobbying Efforts
April 4
The article highlights that chipmakers are stepping up their lobbying activities to influence US policy during a period of heightened US-China tensions. For a company like ON Semiconductor, being part of this trend raises concerns about the potential for corporate influence over regulatory decisions, which can undermine democratic accountability and concentrate power in the hands of industry elites.
Chipmakers step up lobbying in the US amid growing geopolitical importance of semiconductors
- JAN012018
A recent report from Investor Advocates for Social Justice, as part of the Shifting Gears Initiative, highlights widespread failures in human rights due diligence within the automotive industry. The report questions how companies can ensure they are not complicit in forced or child labor, urging companies—including key suppliers like On Semiconductor—to strengthen oversight of labor practices and supply chain transparency.
-30
Labor Relations and Human Rights Practices
April 4
The report criticizes companies for inadequate human rights due diligence in their domestic manufacturing and broader operations. This is particularly concerning for firms such as On Semiconductor, which, as a major supplier in the automotive industry, could be vulnerable to practices that expose workers to forced or child labor.
New Report Assesses Human Rights Risks in The Automotive Industry - Aiag
-30
Supply Chain Ethics
April 4
The advocacy campaign emphasizes a lack of transparency and traceability in supply chain operations, which may expose companies like On Semiconductor to risks associated with forced or child labor. The failure to ensure ethical sourcing practices is a serious concern under supply chain ethics.
New Report Assesses Human Rights Risks in The Automotive Industry - Aiag
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