With a market cap of $20.5 billion, ON Semiconductor Corporation (ON) is a leading global semiconductor company based in Scottsdale, Arizona. The company focuses on intelligent power and sensing technologies, supporting key applications across automotive, industrial, communications, computing, consumer electronics, medical, and aerospace and defense markets. The chip titan has significantly underperformed the broader market over the past year. ON stock has dropped 20.6% on a YTD basis and 32% over the pas ...