Onsemi has updated its long-term financial outlook, targeting a compound annual growth rate of 12% to 14% through 2030. The company aims to reach approximately $11 billion in total revenue by the end of this period.
The AI data center segment is identified as the fastest-growing business line. Revenue in this division is projected to exceed $500 million in 2026 and surpass $2.5 billion by 2030, representing a CAGR of over 50%.
The company expects semiconductor content per AI rack to increase from $15 000 to over $115 000 by 2030. Additionally, the automotive and industrial segments are forecast to grow at annual rates of 9% and 10% respectively.
Onsemi projects a total addressable market of $213 billion for its core power business by 2030. Growth prospects are supported by the company's participation in the Nvidia MGX ecosystem and an upcoming acquisition of Synaptics.
