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ON · Technology · Semiconductors · Market cap $25.26B

4 funds in our archive have pitched ON Semiconductor — most recently Cambiar SMID Fund in March 2026.

Company profile

ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and energy storage. The company's operations are structured into three main divisions: the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group. ON Semiconductor offers a broad array of semiconductor products, including analog components, discrete devices, modules, and integrated circuits. These products are designed to perform numerous critical functions, such as power switching, energy conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. Beyond these standard offerings, the firm also designs and develops specialized analog, mixed-signal, advanced logic, application-specific integrated circuits (ASICs) and standard products, radio frequency (RF) components, and integrated power management solutions, catering to a diverse range of end-market consumers. Furthermore, it provides foundry and design services specifically for government clients. The company's portfolio also encompasses advanced imaging technologies. This includes the creation of complementary metal-oxide-semiconductor (CMOS) image sensors, sophisticated image signal processors, and single photon detectors like silicon photomultipliers (SiPMs) and single-photon avalanche diode (SPAD) arrays. Additionally, ON Semiconductor produces actuator drivers essential for autofocus and image stabilization, serving a wide spectrum of end-users across numerous industries. Established in 1992, ON Semiconductor Corporation is headquartered in Phoenix, Arizona.

Fund coverage · 4 theses

  • Cambiar SMID Fund
    March 2026

    ON Semiconductor makes power semiconductors and is seen as a cyclical recovery play with best-in-class management and a datacenter-driven catalyst.

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  • Clearbridge Growth Strategy
    September 2025

    On Holding is a disruptive Swiss designer of premium footwear and apparel poised for market share growth through increased brand awareness and expansion into new sports categories.

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  • Sands Capital Global Growth
    June 2025

    On Holding is an emerging premium global sportswear brand focused on innovation and sustainability, with strong growth potential in the sports footwear market despite near-term risks.

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  • Baron International Growth Fund
    March 2025

    On Holding AG is a rapidly growing premium sportswear brand with strong market potential in footwear and apparel, benefiting from brand loyalty, sustainability, and a multi-channel distribution strategy.

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