companies / NASDAQ
onsemi (ON Semiconductor)
SiC 與矽功率元件 IDM；宣告支援 800VDC 架構 [EDN]。2024 底受出口管制 + 歐盟限用中國功率元件，催化客戶 China+1 與台廠二供驗證。
近 30 天股價
市值 $35.28B
最新估值
**CY27E 重錨 + 修正現價（supersede CY26E 版）。** 今年已過半 → 改用 CY27E（CY26E 嚴重低估 onsemi，因 FY26 仍是谷底復甦年）；現價更正為 live \$131.55（DB \$121.62 為 stale）。**關鍵**：以 CY27E 獲利看，onsemi 在 \$131.55 是 **20.0x**（base EPS \$6.59）—— 不再是「priced for perfection」。套 28x（純度王溢價）→ mid **\$184.52（+40.3% vs spot）**，這是 DCF 折掉的輪動上檔。forward 路徑（pe_path 28→30→28）：CY27E ~\$185 → CY28E ~\$257 → CY29E ~\$273；輪動高標 blue EPS 7.29×34x ≈ \$248。**劇本**：US IDM 領頭、Nexperia 制裁 + 歐盟去中化、99 週+ 交期→漲價、800V 明年 ~5% 滲透率「破冰船」、最純 AI-SiC play。confidence low（CY27E base 仍需谷底強復甦）。
看歷史估值 →在 BOM 上的位置
題材歸屬
在 research 中被提到
- MI455X Helios 機架——AMD 第一個正面對打 NVL72 的 rack-scale 系統
…架實機拍下：18 個 compute tray、每 tray 4 顆 MI455X、合計 72 GPU + 18 顆 EPYC Venice CPU；雙寬機殼大約 7000 lb。AMD 自己的官方說明把 Helios 定位為「Built on Meta's 2025 OCP design」——基底是 Meta 在 2025 OCP Summit 推出的開放機架，AMD 把自家 silicon + 散熱與電源整合上去。這也是為什麼 HPE 在 2026 4 月成為首家公開宣布…
- Rubin 液冷供應鏈——AVC、Cooler Master、Jentech、Delta 誰拿到什麼
… 機架的液冷可以拆成三段： 1. **GPU / NVSwitch 冷板（cold plate）**——直接貼 die，銅製，每塊機架 NVL72 約 80–90 片冷板。 2. **機架內歧管（manifold）與 quick-disconnect**——把冷板與 CDU 串接，常用 EPDM 軟管 + 不漏液接頭，CPC 與 Stäubli 是兩家美國主力。 3. **CDU（冷卻分配單元）**——把熱量從機架排到設施側冷水迴路，是高功率的核心硬體。 ## 冷板：Di…
- Rubin NVL576 的 CPO 光通訊鏈——誰在做什麼
…entum 自製，Coherent 部分外購 II-VI 線。 - **光纖**：Corning 2026-05-06 拿到 NVIDIA 32 億美元三年期訂單，提供 polymer fiber array 與機架內 polarization-maintaining fiber。 - **CPO 連接器**：Lotes (3308.TW) 與 BizLink (3665.TW) 是台廠主要供應商，負責光引擎到 PCB 的低 loss 連接器。 ## 訊號路徑 機架內訊號…
- NVIDIA Vera Rubin — 平台與三條 SKU 線
…ra（GB300）的下一代資料中心 GPU 平台，預定 2026 年下半年量產。GPU die 由 TSMC 以 N3P 製程代工，並繼續使用 CoWoS-L 進階封裝；記憶體升級到 HBM4，由 SK Hynix、Samsung、Micron 三家供貨。NVIDIA 在 2026 年 GTC 公開的 Vera Rubin 機架平台分成三個變體，分別對應不同的散熱、互連、出貨節奏。 ## 三個 variant 一覽 - **Vera Rubin NVL72**：72 顆 …
- Google TPU v8 / v9 供應鏈拆解（Sunfish / Zebrafish 與第九代展望）
…com 操刀設計，2 顆 compute die + 1 顆 I/O chiplet + 8 stacks of 12-high HBM3e [TheNextWeb / Cloud Next 報導, 2026-04-22]。比起第七代 Ironwood 的 8-high 堆疊，記憶體頻寬約提升 30%。 - **TPU 8i（代號 Zebrafish）**：推論專用，由 MediaTek 設計，1 顆 compute die + 1 顆 I/O die + 6 stacks …
- 光聖科技 (6442.TWO)：從光纖被動元件到 CPO 矽光子主動光源
… 名單裡相對特殊的位置 — 多數台廠光通訊公司毛利率還停留在 30–40%。 生產基地分散在台灣、菲律賓、中國、歐洲，菲律賓新廠 2025-07 投產，光通訊主動與被動兩類都做，主要功能是分散地緣風險，公司表示三座工廠生產相同產品 [CMoney 光聖法說, 2026]。產能利用率 2025 年下半年達 100% 滿載 [vocus 光聖法說會, 2026-03-13]。 值得 weilab 收錄的原因有兩條：一是它以高芯數光纜在資料中心 scale-up 端切入 NVI…
財報 highlight
| 期別 | Revenue | Gross profit | Operating income | EPS | 毛利率 | 營益率 | YoY | QoQ | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026Q1 | $1.51B | $0 | — | — | 0.0% | — | +4.70% | -1.10% | yahoo-finance2 |
| 2025Q4 | $1.53B | $0 | — | — | 0.0% | — | — | -1.34% | yahoo-finance2 |
| 2025Q3 | $1.55B | $0 | — | — | 0.0% | — | — | +5.60% | yahoo-finance2 |
| 2025Q2 | $1.47B | $0 | — | — | 0.0% | — | — | — | yahoo-finance2 |
法說 / IR events
競爭對手
新聞 timeline
- onsemi - Wikipedia2026-06-19 · en.wikipedia.org
**ON Semiconductor Corporation** (stylized and doing business as **onsemi**) is an American semiconductor supplier company, based in Scottsdale, Arizona. * Duracell * Energizer * Flex * Foxconn + Wisconsin * Jabil * KEMET * Maxwell Technologies * Sanmina * Vishay | | Semiconductor devices | * AMD * Ampere Computing * Apple * Broadcom * Cypress Semiconductor * GlobalFoundries * IBM * Intel * Interlink * KLA Corporation * Lam Research * Lattice * Marvell Technology * Microchip (Atmel) * Micron * NetApp * Nimbus Data * Nvidia + Mellanox * NXP * onsemi * Qualcomm * Silicon Image * Synaptics * Texas Instruments * TSMC + Arizona * Xilinx * Zilog | | Mobile devices | * Amazon "Amazon (company)") * Apple * BLU * Garmin * Google + Fitbit * Lenovo (Motorola Mobility) | | Other | * Cadence De
- onsemi2026-06-19 · linkedin.com
Overview: onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way in creating a safer, cleaner, and smarter world. Learn more about onsemi at www.onsemi.com. Website: https://www.onsemi.com/ Crunchbase Url: https://www.crunchbase.com/organization/on-semiconductor?utm_source=linkedin&utm_medium=referral&utm_campaign=linkedin_companies&utm_content=profil
- ON Stock Price Quote | Morningstar2026-06-19 · morningstar.com
# ON Semiconductor Corp ON. ### Onsemi Is Primed for a Cyclical Recovery in Automotive and Industrial Chips, With AI Layering In. We believe Onsemi is a power chipmaker aligning itself to the differentiated parts of its portfolio in order to accelerate growth and margin expansion. We expect the firm to outpace the growth of its underlying markets over the next five years as it tailors its portfolio of chips and sensors to pursue secular trends toward electrification and connectivity that allow it to sell into new sockets. Onsemi is the top supplier of image sensors to automotive applications like advanced driver-assist systems, or ADAS, and its semiconductors enable power transfer and conversion in electric vehicles and renewable energy—all of which we expect to keep Onsemi’s sales growth
- ON Semiconductor Corp Company Profile - ON Semiconductor Corp Overview - GlobalData2026-06-19 · globaldata.com
# ON Semiconductor Corp - Company Profile. All the sales intelligence you need on ON Semiconductor Corp in one solution. * Understand how ON Semiconductor Corp fits into your total. when and how to engage with ON Semiconductor Corp. # ON Semiconductor Corp: Overview. * Top 10 IT Hardware Companies in the World by Market Capitalization. ON Semiconductor Corp (Onsemi) is a designer, manufacturer, and supplier of semiconductor products and solutions. Gain a 360-degree view of ON Semiconductor Corp and make more informed decisions for your business. View ON Semiconductor Corp financials. ## Signals available in ON Semiconductor Corp report. ## ON Semiconductor Corp premium industry data and analytics. Improve competitive bidding with insights into all publicly disclosed IT services contracts f
- ON Semiconductor Corporation (ON) Stock Price, News, Quote ...2026-06-19 · finance.yahoo.com
ON Semiconductor Corporation (ON) Stock Price, News, Quote & History - Yahoo Finance. * [Finance](https://finance.yahoo.com/). + [Finance](https://finance.yahoo.com/). - [My portfolio](https://finance.yahoo.com/portfolios/). - [News](https://finance.yahoo.com/news/). - [Markets](https://finance.yahoo.com/markets/). - [Community](https://finance.yahoo.com/community/). - [Videos](https://finance.yahoo.com/videos/). 1. [My Portfolio](https://finance.yahoo.com/portfolios/). 2. [News](https://finance.yahoo.com/news/). 1. [Latest](https://finance.yahoo.com/topic/latest-news/). 4. [Stock market](https://finance.yahoo.com/topic/stock-market-news/). 6. [Crypto](https://finance.yahoo.com/markets/crypto/). 1. [Economies](https://finance.yahoo.com/topic/economic-news/). 2. [Earnings](https://finance.y