ON Semiconductor Outperforms Texas Instruments in April on Strong Demand for Silicon Carbide Chips
In April, ON Semiconductor (NASDAQ:ON) outperformed Texas Instruments (TXN), gaining 63% compared to TXN's 45%. The surge was driven by increased demand for silicon carbide chips used in electric vehicles and AI data centers. Texas Instruments also saw strong performance due to a revenue beat and analog segment growth.
Topics: AI infrastructure analog chips electric vehicles market performance semiconductors