On Semiconductor (NASDAQ:ON) announced its Q4 and full-year 2022 results, with Q4 revenue of $2,103.6 million, up 14% year-over-year; Gross margin for the fourth quarter was 48.5%, up 343 basis points year-over-year, and non-GAAP gross margin was 48.4%, up 321 basis points year-over-year. Full-year fiscal 2022 revenue was $8.3 billion, up 24% year-over-year. In addition, On Semiconductor announced that its Board of Directors has approved a new share repurchase program authorizing the repurchase of up to $3 billion of the Company’s common stock through December 31, 2025.