ON
Another brick in the EV wall
ON Semiconductor just said it’s expanding its strategic collaboration with Geely Automobile, with both companies working to push next-generation electric vehicles forward. Translation: ON wants more of its semiconductor tech baked into the brains and bones of Geely’s EVs, where efficiency and performance are basically the whole game.
Why this is more than a logo swap
In the EV world, the company that helps you drive farther, waste less energy, and keep the vehicle humming reliably gets a seat at the table. That’s the vibe here. For ON, it’s another reminder that semis aren’t just for smartphones and data centers — they’re also under the hood of the electric-car story.
Geely, meanwhile, gets deeper access to ON’s tech as it tries to make its EV lineup more competitive in a market that’s crowded, price-sensitive, and allergic to anything that feels second-rate.
The market is still watching the clock
This comes with ON shares already under pressure, down about 5% at the time of publication. And there’s another thing on the calendar: ON is set to report earnings on May 4. So while this partnership is the headline, investors are also getting a near-term test of whether the business momentum is actually showing up in the numbers.
Big picture: partnerships like this don’t always move the stock on their own, but they can reinforce the idea that ON is positioning itself deeper in the EV supply chain — and that’s the kind of story Wall Street likes to keep an eye on.