Onsemi CEO Hassane El-Khoury on demand for compute

Watch on YouTube ↗  |  May 05, 2026 at 16:27  |  3:24  |  CNBC
Speakers
Hassane El-Khoury — CEO, ON Semiconductor

Summary

Onsemi CEO discusses AI data center revenue growth, doubling by 2026, driven by broad demand across hyperscalers and XPU vendors. He emphasizes the need for power efficiency and the role of power semiconductors, expressing strong confidence in the forecast.

  • Onsemi reported Q1 results beating guidance with revenue of $1.5 billion.
  • AI data center revenue more than doubled year over year.
  • CEO expects AI data center revenue to double again by 2026.
  • Revenue growth is spread across all hyperscalers and XPU vendors.
  • Each GPU in a data center rack requires about 100 power chips.
  • Power chip demand increases with each GPU generation.
  • Energy transparency and efficiency are key to maximizing compute output.
  • Industrial business benefits from AI halo effect through energy storage and solid state transformers.
Trade Ideas
Hassane El-Khoury CEO, ON Semiconductor 0:51
Double AI data center revenue by 2026
Onsemi's AI data center revenue will double from 2025 to 2026, driven by broad demand across all hyperscalers and XPU vendors, and the increasing number of power chips needed per GPU. The CEO is very confident in this forecast.
ON HIGH
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This CNBC video, published May 05, 2026, features Hassane El-Khoury discussing ON. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Hassane El-Khoury  · Tickers: ON