ON Semiconductor is experiencing growth thanks to acquisitions and increased demand for AI data centers. Their recent agreement to acquire Aura Semiconductor’s Vcore power technologies strengthens their power management portfolio for AI infrastructure. This move positions ON as a key player in meeting the power needs of AI infrastructure with efficient designs.

ON has seen success in the SiC market with their acquisition of Qorvo’s Silicon Carbide Junction Field Effect Transistor business. This acquisition has enhanced ON’s EliteSiC power portfolio, improving energy efficiency in AI data centers, EV battery safety, and industrial energy storage. Leveraging Qorvo’s SiC technology allows ON to capture growth in electric vehicles and industrial applications.

ON’s expanding clientele, including collaborations with NVIDIA, Schaeffler, and BorgWarner, drives growth. Partnerships like the one with NVIDIA focus on advancing 800 VDC power architectures for AI data centers. The collaboration with Schaeffler involves powering traction inverters for a major automaker’s hybrid platform. The partnership with BorgWarner integrates EliteSiC power devices to enhance EV efficiency.

ON Semiconductor provided guidance for the third quarter of 2025, expecting revenues between $1.465 billion and $1.565 billion. Non-GAAP earnings are projected to be between 54 cents per share and 64 cents per share. The company’s expanding portfolio, acquisitions, and strong partnerships position them for continued growth in the AI infrastructure market.

Read more at Nasdaq: On Semiconductor Expands Portfolio With Strategic Acquisitions