Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market.
Canonical asset packet first: fundamentals, macro index exposure, entry value, and active narrative alignment. Driver rows link back to the public index that moved the score.
| Index | Driver | Reason | Weight | Condition | Contribution | As Of |
|---|---|---|---|---|---|---|
| ACSI | AI Compute Spending Index | compute demand | 5% | compute demand — tailwind Moderate signal—/100Tailwind +0.76σ | +0.043 | 2026-05-29 |
| ETSI | Energy Transition & Storage Index | electrification demand | 4% | electrification demand — tailwind Moderate signal—/100Tailwind +0.93σ | +0.036 | 2026-05-29 |
| RQRI | Risk-Quality Rotation Index | risk appetite | 4% | risk appetite — tailwind Moderate signal—/100Tailwind +0.77σ | +0.033 | 2026-05-29 |
Part of Autonomous Driving Stack · supplier · 10y thesis
Autonomy needs data, chips, software, vehicle integration, and scale distribution. The theme groups these layers while preserving role labels so direct platform exposure is not confused with component supply.
Other assets exposed to the same themes as ON — a cross-sector view, not a correlation or forecast.
What would make this thesis wrong, and where the near-term downside sits. Plain reads, not forecasts.
Invalidation analysis is deferred to v2 and will use contribution-weighted headwind thresholds.
