ON
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Silicon wafer supply tightening across 6" and 8" nodes lifts power semiconductor volumes and pricing power for ON Semi
onsemi issues ~12% dilution to fund the SYNA acquisition; acquirer stock typically sells off on deal announcement.
Onsemi rides 63% CAGR in silicon carbide to capture 8.6% of the $26.79B AI power analog TAM by CY30
onsemi captures 8.6% of $26.79B AI power analog TAM by CY30 driven by SiC and high-power content as racks scale to MW-class
GaN and SiC compound semiconductors are structural AI and EV power beneficiaries, with ON Semiconductor the best-positioned US-listed play
Intel's explicit pivot to GaN and SiC for power delivery and thermal management makes ON Semiconductor a structural beneficiary of next-gen AI chip infrastructure.
ON re-rated on anticipated AI power demand while revenue still falls; multiple corrects when demand stays absent.