US chipmaker onsemi reported a record revenue of $4.3 billion for the automotive business for the fiscal year ending Dec. 31, reflecting a 29% year-on-year growth driven by robust demand for high-resolution image sensors for advanced driver assistance systems. Specifically, the company’s 8-megapixel image sensors for advanced safety features nearly doubled in revenue year-over-year, as highlighted by Chief Executive Hassane El-Khoury during an earnings call. Silicon carbide (SiC) power modules, featured in the company’s chips, can operate at much higher voltages than traditional silicon-based ones, enabling faster recharging and longer driving ranges for electric vehicles. Parts suppliers like Bosch and Infineon have been expanding their capacities to meet the surging demand. [onsemi release]Related