Trending Industry Today: ON Semiconductor Leads Losses In Power Semiconductor Stocks - Moomoo

On June 26, the power semiconductor industry experienced a downturn during regular trading hours, with ON Semiconductor leading the losses. The company's stock plummeted 22.89% to $91.56, with a turno... Read original →

The sharp selloff in power semiconductors reveals deep market anxiety over misaligned valuations and demand inflection points. ON Semiconductor’s 23% plunge signals more than weak EV order flow—it risks triggering inventory corrections upstream at SiC substrate suppliers like Wolfspeed and delaying 800V platform adoption downstream. With U.S. and EU supply chain security reviews intensifying, compliance costs are structurally rising, especially for firms reliant on packaging/test nodes in Taiwan, China, or Southeast Asia. Infineon and STMicroelectronics may seize the moment to capture ON’s industrial clients in North America, while Analog Devices could accelerate divestitures of non-core power assets. Over the next 12–24 months, a brutal consolidation looms: second-tier players lacking robust GaN-on-Si or SiC integration capabilities face acquisition, while leaders will reassert pricing power through energy-transition-driven design wins.