# ON Semiconductor strategic growth and revenue targets > Live situation record from CLSTR: https://clstr.news/situations/on-semiconductor-strategic-growth-and-revenue-targets > Updated: 2026-10-11T11:20:53.000Z. Sources: 5. Developments: 2. 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. ## Timeline ### 2026-10-11: ON 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. 3 sources. https://clstr.news/cluster/on-semiconductor-raises-2030-revenue-growth-target-to-12-14 ### 2026-09-17: ON 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. 2 sources. https://clstr.news/cluster/on-semiconductor-holds-analyst-and-investor-day --- Cite as: ON Semiconductor strategic growth and revenue targets. CLSTR, https://clstr.news/situations/on-semiconductor-strategic-growth-and-revenue-targets