- Semiconductor manufacturer Onsemi projected upbeat revenue for the upcoming quarter topping Wall Street expectations
- optimistic outlook fueled by surging global demand for advanced power-management chips and silicon carbide technology critical for AI data centers
- auto demand has bottomed in the first quarter while AI data center demand is significantly accelerating growth
- raising its 2026 revenue outlook for this segment to more than double year over year
- factory utilization increased to 83 percent with channel inventory within target and pricing actions to pass through inflation
Quotes
“book-to-bill above parity and extended lead times”