Core Insights - ON Semiconductor Corporation is recognized as one of the 10 most undervalued semiconductor stocks to invest in [1] - The company has extended its strategic partnership with automotive supplier FORVIA HELLA to incorporate its PowerTrench T10 MOSFET technology into advanced automotive platforms [1] Group 1: Partnership and Technology - The collaboration aims to address the increasing electrical demands of autonomous driving, safety systems, and electrification by leveraging FORVIA HELLA's automotive expertise and ON Semiconductor's intelligent power solutions [3] - FORVIA HELLA's Executive Vice President of Purchasing, Sven Hoenecke, emphasized that ON Semiconductor's next-generation MOSFETs are crucial for their advanced automotive platforms, providing future-proof solutions with enhanced efficiency and reliability [3] - The extended agreement reinforces a 25-year partnership between ON Semiconductor and FORVIA HELLA [3] Group 2: Product Features - ON Semiconductor's T10 power MOSFETs are designed to reduce system-level costs while increasing efficiency and power density for automotive applications [2] - These MOSFETs are produced at ON Semiconductor's facility in East Fishkill, New York, and feature ultra-low conduction and switching losses, delivering higher density in a compact design [2] - The technology reduces drain-to-source resistance and gate charge, which in turn lowers output capacitance [2] Group 3: Company Overview - ON Semiconductor Corporation provides intelligent sensing and power solutions and operates through three segments: Analog and Mixed-Signal Group, Power Solutions Group, and Intelligent Sensing Group [4] - The company is headquartered in Scottsdale, Arizona [4]

Group 1: Semiconductor Industry Overview - The semiconductor industry is expected to benefit from recent developments, including U.S. government policies that balance trade with China while restricting access to advanced technology [3][4] - Semiconductor stocks have gained significantly from the AI boom since 2022, although they remain vulnerable to the ongoing U.S.-China AI trade tensions [5] Group 2: Investment Opportunities in Semiconductor Stocks - A screening of semiconductor companies with a market cap of at least $2 billion identified the 10 most undervalued stocks, focusing on those trading at least 25% below the NASDAQ forward P/E ratio of 26.35 [2] - ON Semiconductor Corporation (NASDAQ:ON) has a potential upside of 3.63% and is extending its partnership with FORVIA HELLA to enhance automotive applications [6][8] - Synaptics Incorporated (NASDAQ:SYNA) shows a potential upside of 6.9%, with a strong growth outlook driven by its Core IoT portfolio, which grew 74% YoY [11][13] - Qualcomm Inc. (NASDAQ:QCOM) has a potential upside of 8.39% and is expanding into the data center market following its acquisition of Alphawave Semi [16][18] - Skyworks Solutions, Inc. (NASDAQ:SWKS) has a potential upside of 9.89%, but faces regulatory risks due to its merger with Qorvo [20][22] - NXP Semiconductors NV (NASDAQ:NXPI) has a potential upside of 15.33% despite plans to exit the radio power market due to lack of ROI [24][25] - Cirrus Logic Inc (NASDAQ:CRUS) has a potential upside of 19.66% as it expands into the automotive market with new product launches [26][27] - Micron Technology Inc. (NASDAQ:MU) has a significant potential upside of 20.42%, with analysts predicting strong demand for DRAM and NAND products [30] - ASE Technology Holding Co. (NYSE:ASX) reported stable revenue growth, with a potential upside of 20.85% [32][34] - Photronics Inc. (NASDAQ:PLAB) has a potential upside of 26.6% following strong earnings and analyst upgrades [36] - Silicon Motion Technology Corp. (NASDAQ:SIMO) has a potential upside of 41.89%, driven by its new power-efficient SSD controller [37]