onsemi outlines $213B market opportunity at investor day

Onsemi (NASDAQ: ON) presented its long-term growth strategy at an investor day event on Sept. 16, 2026, identifying what it describes as a $213 billion total addressable market by 2030 across automotive, industrial, AI data center and emerging applications.

The Scottsdale, Arizona-based semiconductor company said it plans to address growing power constraints in AI infrastructure, electrification and automation through a platform-based approach spanning power conversion and sensing technologies.

Onsemi highlighted three technology platforms central to its strategy. The first is a high-voltage portfolio covering silicon, silicon carbide and gallium nitride, including a vertical gallium nitride technology the company says is exclusive to onsemi. The second is a platform called Treo, described as an intelligence layer combining analog, digital and high-voltage capabilities. The third is an Embedded Power Platform that integrates multiple power devices within a wafer-level architecture.

"Every transformational technology eventually encounters a physical constraint," said Hassane El-Khoury, President and CEO of onsemi. "Power has become a foundational technology layer that will help shape the pace of innovation, economic growth and global competitiveness."

The company said its platform model is intended to shift its product mix from individual components toward broader system-level solutions, which it expects to increase revenue potential and reduce dependence on any single end market.

Onsemi also outlined a strategy targeting physical AI applications, including robotics, autonomous vehicles and industrial systems, arguing that technologies developed for automotive and industrial markets can be applied to these emerging areas.

The information is based on a press release issued by onsemi. Forward-looking statements in the release are subject to risks and uncertainties described in the company's 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission on Feb. 9, 2026.

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