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Valued at a market cap of $23.3 billion, ON Semiconductor Corporation (ON) is a Scottsdale, Arizona-based company that provides intelligent sensing and power solutions, including power management chips, analog and mixed-signal integrated circuits, image sensors, and discrete semiconductor devices.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and ON fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the semiconductor industry. The company’s core strengths lie in its vertical integration of Silicon Carbide (SiC) and its dominant global position in automotive image sensors for ADAS.
