ON Semiconductor looks forward to future development prospects

ON Semiconductor is optimistic about its future development prospects. The company expects its revenue to grow at a compound annual growth rate (CAGR) of 10% to 12% by 2027, which is much higher than the industry average. The continued expansion of the automotive, power and AI data center markets will bring new market opportunities to ON Semiconductor, especially breakthroughs in SiC technology and smart sensors, which will drive the company to further consolidate its position in these high-growth markets.