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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

ON Semiconductor's CEO Says AI Demand Got Priority Over Automotive Customers— and Wall Street Loved It as Stock Jumps 7% in Premarket Tuesday

On ON Semiconductor Semiconductor ON Semiconductor Corp Artificial Intelligence
Modern,Data,Technology,Center,Server,Racks,Working,In,Dark,Facility.

ON Semiconductor Corp. (NASDAQ:ON) said surging demand from artificial intelligence data centers prompted the company to prioritize shipments to that market over automotive and industrial customers during the second quarter, as AI infrastructure demand rapidly reshapes the semiconductor industry.

AI Demand Took Priority Over Automotive

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