Onsemi Forecasts Strong Revenue Driven by AI Data Center Demand

Semiconductor maker Onsemi expects third-quarter revenue to beat Wall Street estimates as demand rises for power management chips in AI data centers

Justin Tomlinson

Editor-in-Chief, Mora Discover

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Onsemi Forecasts Strong Revenue Driven by AI Data Center Demand

Chipmaker Onsemi forecast third-quarter revenue above Wall Street expectations on Monday, betting on surging demand for power management chips used in artificial intelligence data centers.[1][2]

The company's upbeat financial outlook comes as it moves forward with its largest acquisition to date. In June, Onsemi announced a $7 billion all-stock deal to acquire Synaptics to expand its reach.[2]

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