ON Semiconductor drives AI and EV growth with new power tech and a 2030 vision despite neutral rating.

ON Semiconductor is focusing on advanced power-density technologies for AI data centers and electric vehicles, aiming for $2.5 billion revenue from AI alone by 2030. Despite a Neutral rating from UBS, the company introduced its Embedded Power Platform, which boosts power density 3-5 times. CEO Hassane El-Khoury emphasizes the need for efficient power solutions to support future AI infrastructure. The stock dropped 9% after the announcement but the company maintains ambitious long-term growth targets.

As of Sep 17, 2026 20:37 WIB, ON Semiconductor shares are trading at USD 67.51 on Pluang, showing a positive 1-day change of 1.37%. The stock’s market capitalization stands at $25.93 billion, with a strong buy interest reflected in 78% of Pluang order activity. This trading activity highlights investor engagement despite the recent 9% drop mentioned in the news.