One chip maker that doesn’t get a lot of attention appeared to emerge from CES best positioned for the year: ON Semiconductor Corp, which focuses on electric vehicles and advanced driver assistance systems as primary growth drivers. The company said it was sold out through 2023 and is on track to “triple” revenue from silicon carbide, going from roughly $300M in 2022 to $1B in 2023 according to Citi Research analyst Christopher Danley.
Multiple analysts noted that this company seemed the most bullish for 2023. It's obscureness allowed it to be one of the top performing semiconductor stocks in 2022.
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