ON Semiconductor Corp
ONON Semiconductor Corp (ON) is a global manufacturer of semiconductor components and solutions, primarily serving markets such as automotive, industrial, communications, and consumer electronics. The company specializes in power management, analog integrated circuits, sensors, and image sensors, providing products that enable energy efficiency and advanced functionalities in electronic devices. Founded in 1999, ON Semiconductor has established a significant presence in the electronics supply chain, focusing on innovation and sustainable technologies.
Company News
The article highlights three undervalued tech stocks that could benefit from AI integration: PTC, Trimble, and ON Semiconductor. These companies are leveraging AI to enhance their industrial, construction, and semiconductor solutions, offering potential growth opportunities for investors.
Onsemi is positioned for a semiconductor supercycle, with strong potential in AI-driven markets like industrial, autonomous vehicles, and cloud computing. Despite current revenue weakness, the company is reducing share count and showing improving margins.
onsemi has developed a breakthrough vertical gallium nitride (vGaN) power semiconductor technology that offers higher power density, efficiency, and ruggedness for applications in AI data centers, electric vehicles, renewable energy, and aerospace.
onsemi has completed the acquisition of Vcore power technologies and associated intellectual property from Aura Semiconductor, strengthening its power management portfolio for AI data center applications.
The article discusses three tech mutual funds that are expected to perform well as the Federal Reserve is likely to cut interest rates in September due to cooling inflation. The funds have a Zacks Mutual Fund Rank of 1 or 2, indicating a strong or buy recommendation.
