onsemi Secures $1.95B Deals In Booming Solar Inverter Market

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Leading the charge in power tech, onsemi partners with top solar inverter manufacturers.

onsemi, a pioneer in intelligent power and sensing technologies, has announced a whopping $1.95 billion in long-term supply agreements for its advanced power technologies. This move solidifies onsemi’s dominance as the premier power semiconductor supplier in the booming solar inverter market.

With its cutting-edge die technology, tailored module design, and innovative packaging, onsemi is setting new standards in the solar inverter domain. These advancements empower solar inverter providers to excel in areas like time-to-market, product development, supply resilience, and stringent quality assurance. The company’s prowess is evident as it has inked deals with eight of the world’s top 10 solar inverter suppliers, underscoring onsemi’s esteemed industry standing.

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Solar power has emerged as one of the fastest-growing markets and offers the most cost-competitive source for large-scale renewable energy installations,” said Asif Jakwani, senior vice president and general manager of Advanced Power Division, Power Solutions Group, onsemi. He added that onsemi’s intelligent power technologies enable customers to achieve greater efficiency and power density, advancing a shared mission towards a more sustainable future.

Solar inverters play a crucial role in converting the Direct Current (DC) produced by solar panels into grid-compatible Alternating Current (AC). However, this conversion often results in energy loss. onsemi’s groundbreaking technology ensures that solar inverters, from utility to residential applications, are not only compact and lightweight but also highly efficient. This minimizes energy wastage and can significantly reduce the overall system cost.


 

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