ON Semi Exits Mobile CIS Business, Licenses-Out Related Patents

Image Sensors World        Go to the original article...

SeekingAlpha Q2 2017 earnings call transcript gives some interesting info about ON Semi image sensor business:

"During the second quarter, we exited the mobile image sensor market as the margin profile for that business was not comparable with our target financial model.

Furthermore, we monetize the value of highly differentiated mobile imaging technology, through an intellectual property licensing agreement with a third-party. We have excluded the gain of approximately $24 million related to this transaction from our second quarter non-GAAP results.

Second quarter free cash flow and operating cash flow included approximately $24 million from a licensing arrangement related to the mobile image sensor business.

For the second quarter, we again posted strong growth in our CMOS image sensor business for viewing and ADAS applications. We continue to gain market share in automotive image sensors and our design win pipeline for our CMOS image sensors for automotive applications continues to grow at a rapid pace.

We continue to see strong growth in machine vision applications with our PYTHON line of CMOS image sensors. As I indicated earlier, we are engaging at the very early stage with key players in artificial intelligence for machine vision and robotics applications.

The company's spreadsheet shows the proportion of image sensor business over the years:

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