Investment Thesis
onsemi supplies intelligent power and sensing semiconductors for automotive, industrial, and cloud markets. Silicon carbide investments, differentiated imaging, and disciplined capacity underpin secular growth.
- Automotive Focus: EV powertrains, ADAS image sensors, and battery management lead bookings.
- Fab Rationalization: 300mm conversion and site sales boost gross margin.
- Capital Allocation: Long-term supply agreements de-risk SiC expansion.