onsemi targets $213 billion market opportunity by 2030 with platform-based power and sensing strategy

• ON Semiconductor set a long-term growth strategy to address power constraints tied to AI, electrification, automation.
• Targets a $213 billion total addressable market by 2030 across automotive, industrial, AI data center, emerging applications.
• Plans to scale a platform-based model to sell higher-value solutions and system architectures, reducing reliance on any single end market.
• Strategy centers on lifting power density via three platforms: high-voltage silicon, SiC, GaN including vGaN; Treo; Embedded Power Platform.
• Positions for AI growth at the edge, aiming to combine power, sensing, control, connected compute for physical-world machines.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ON Semiconductor Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609161430OMX_____CNEWS_EN_GNW9828318_en) on September 16, 2026, and is solely responsible for the information contained therein.