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What does this company actually do?

ON Semiconductor Corporation ON — Intelligent Power & Sensing Solutions

ON Semiconductor (trading as onsemi) designs and manufactures intelligent power and intelligent sensing semiconductors that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center markets.

The company operates as a $35.5 billion market cap semiconductor provider (current price $90.65) with approximately 22,600 employees globally.

What They Actually Make

Per their latest 10-K filed February 9, 2026, onsemi offers three core technology families:

Intelligent Power → Silicon carbide (SiC), SiC JFET, discrete MOSFETs, power modules, vertical GaN, and gate drivers that enable efficient power conversion and management.

These technologies power electric vehicle drivetrains (lighter, longer-range EVs), fast-charging infrastructure, solar arrays, industrial power systems, and AI data center power distribution. Intelligent Sensing → CMOS image sensors, image signal processors, actuator drivers, single photon detectors (SiPMs, SPAD arrays), ultrasonic sensors, short-wavelength infrared SWIR, and indirect time-of-flight sensors. These enable advanced driver-assistance systems ADAS, autonomous driving safety features, industrial automation, robotics, and humanoid vision systems.

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