Cost Management Insights: SG&A Expenses for Micron Technology, Inc. and ON Semiconductor Corporation

Navigating SG&A Expenses: A Tale of Two Semiconductor Giants

In the ever-evolving semiconductor industry, effective cost management is crucial for maintaining competitive advantage. Over the past decade, Micron Technology, Inc. and ON Semiconductor Corporation have demonstrated distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Micron's SG&A expenses surged by approximately 60%, peaking in 2024, while ON Semiconductor's expenses grew by about 68% until 2023. This trend highlights Micron's strategic investments in operational efficiency and market expansion, despite a slight dip in 2023. Meanwhile, ON Semiconductor's consistent growth reflects its focus on scaling operations and enhancing market presence. Notably, the absence of data for ON Semiconductor in 2024 suggests a potential shift or strategic realignment. As these industry leaders navigate the complexities of cost management, their financial strategies offer valuable insights into the dynamic landscape of semiconductor manufacturing.