FOUND: On semiconductor stock is on outperforming the technology sector - You Need To See This

Valued at a market cap of $45.8 billion, ON Semiconductor Corporation (ON) is a leading supplier of intelligent power and sensing technologies used across automotive, industrial, cloud infrastructure, and consumer applications. Headquartered in Scottsdale, Arizona, the company specializes in semiconductor solutions that enable energy-efficient and high-performance electronic systems.

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 is a major supplier of silicon carbide power chips, which improve efficiency and performance in EV powertrains and charging systems. Its growing exposure to electrification and intelligent sensing technologies has positioned it as an important player in the global semiconductor industry.