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2 clusters · 5 sources · 25 days · First seen · Last updated
ON Semiconductor strategic growth and revenue targets
Overview
ON Semiconductor has outlined a strategic shift to address physical limitations in foundational technologies and capitalize on emerging market opportunities. During an analyst and investor day, CEO Hassane El-Khoury stated the company is evolving to be ‘foundationally different’ to capture new growth.
Following these discussions, the company raised its long-term revenue growth target through 2030 to a compound annual growth rate of 12% to 14%, up from the previous 10% to 12% projection. This upward revision is primarily driven by demand for power semiconductors in artificial intelligence data centers, a segment the company expects to grow approximately 50% annually, exceeding $2.5 billion per year by 2030.
Additional growth is anticipated in the automotive and industrial segments, with projected annual growth rates of 9% and 10%, respectively. The company is focusing on silicon carbide, gallium nitride, and the acquisition of Synaptics to address a total addressable market estimated at $213 billion by 2030.
Entities
J.P. Morgan · Amer Sports, Inc. · ON Semiconductor · Nvidia · Hassane El-Khoury
Timeline
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[BUSINESS] 3 sourcesON Semiconductor raises 2030 revenue growth target to 12%-14%
ON Semiconductor raised its 2030 revenue growth target to 12%-14% CAGR, driven by surging demand for AI data center power semiconductors and expansion in automotive and industrial sectors.
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[BUSINESS] 2 sourcesON Semiconductor holds analyst and investor day
ON Semiconductor Corporation held an investor day where CEO Hassane El-Khoury discussed the company's evolution to address physical limitations in AI-driven foundational technologies.
Sources
cryptobriefing.com · pulse2.com · seekingalpha.com · thebusinesstimes.co.uk · tokenpost.com