ON Semiconductor CEO: Compute Will Drive Company Strategy

Bullish Gator

CEO Hassane El-Khoury discusses Investor Day 2026, TAM, AI spending outlook and the central role of compute.

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What stands out

Hassane El-Khoury told CNBC during Investor Day 2026 that compute will be at the center of ON Semiconductor's strategy, framing the company as chasing the AI-driven shift in chip demand. That repositioning matters because ON is asking markets to believe it can turn a shrinking business around: the company has averaged a 10.1 percent revenue decline and a 35.1 percent net income drop year over year. Investors should treat the CEO's roadmap as a statement of intent that needs execution and proof in the coming quarters.