onsemi Charts Path to Power the Next Decade of Innovation

Company outlines a $213 billion market opportunity as power becomes the foundational technology layer from infrastructure to physical applications

SCOTTSDALE, Ariz., Sept. 16, 2026 (GLOBE NEWSWIRE) — onsemi (NASDAQ: ON) today outlined its long-term growth strategy to lead one of the largest and most consequential technology shifts of the next decade by solving the growing power constraints limiting the advancement of AI, electrification and automation. As these markets converge around common technology requirements, onsemi is leveraging its differentiated portfolio across power and sensing to address a $213 billion market opportunity and solve the needs of some of the most important technology trends shaping the global economy.

“Every transformational technology eventually encounters a physical constraint. As AI, electrification and automation continue to scale, power density is emerging as one of the defining engineering challenges of this decade,” said Hassane El-Khoury, President and CEO of onsemi. “The companies that lead in the next era of innovation will be those that can deliver more energy while consuming less space. As that challenge becomes more urgent, power has become a foundational technology layer that will help shape the pace of innovation, economic growth and global competitiveness. We have spent years building deep expertise and a broad portfolio across power and sensing to help customers solve this challenge and enable the next generation of intelligent machines.”

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onsemi sees a $213 billion total addressable market by 2030 spanning automotive, industrial, AI data center and emerging applications. Although these markets are often viewed separately, they increasingly rely on the same underlying capabilities: efficient power conversion, perception of the physical world, precision actuation and control, and connectivity.

This convergence allows onsemi to deploy common technology platforms across multiple end markets. A high-voltage technology developed for automotive electrification, for example, can also support industrial energy systems and AI data centers. Advances in sensing and connectivity can extend across vehicles, factories, robotics, medical systems and other autonomous applications.

The company expects this platform-based model to increase the revenue potential of its core technologies by moving from individual components to higher-value solutions and system architectures that address a larger share of each customer’s design requirements. Through this approach, onsemi can generate greater leverage from its R&D investments, reduce dependence on any single end market or technology cycle, and grow faster than the markets it serves.

“Throughout history, foundational technologies have created outsized value because they enable everything built above them,” El-Khoury said. “Power has become the common denominator across these end markets. For onsemi, that creates opportunities to innovate beyond any market trend, with multiple paths to expand content, gain share and capture more value.”