We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
ON Semiconductor Corporation (onsemi)
Information Technology · Semiconductors
Structural: #1 merchant SiC supplier by revenue share into auto traction (Tesla, BMW Neue Klasse, VW MEB, Hyundai) - SiC content per EV ~$750-$1,000 vs ~$80 Si in ICE. Pivoting fab mix from 8-inch Si to 12-inch SiC + 300mm power IC (East Fishkill) - gross margin floor in cycle trough is the model variable.
Image-sensor franchise (Hyperlux) is the ADAS leg - Hyundai/Kia design wins extend through this decade.
- SiC LTSAs cover multi-year EV ramp at locked pricing; backlog gives volume visibility through 2027
- East Fishkill 300mm power IC fab lifts structural margin once utilized
- Intelligent power into AI datacenter (48V rack, GaN) is a new attach with $NVDA / hyperscaler pull
- Image sensor share gains in ADAS as L2+ attaches in mid-segment vehicles
- EV demand reset (Western OEMs cutting volume) drags SiC utilization; inventory correction depth unclear
- China SiC capacity ramp ($STM, BYD captive, local entrants) compresses ASPs into 2026-27
- Auto cycle trough margin is unprovenat the new 12-inch mix - fixed-cost absorption risk
- Image sensor competes with $SONY (#1) and $STM in flagship attach
No major news in the last 7 days for ON - only listicles and opinion pieces, which we filter out by default. See everything anyway.
No key levels recorded for this ticker.