ON Semiconductor (ON) is one of the world’s leading semiconductor companies. Valued at $30.16 billion by market cap, ON Semi designs, manufactures, and supplies semiconductor products and solutions. Its product lines include bipolar transistors, filters, FETs, diodes, and rectifiers & thyristors. Incorporated in 1992, the Arizona-based company serves customers in the automotive, Internet of Things (IoT), personal electronics, medical, 5G & cloud power, aerospace and defense, and other computing industries. ON stock is down about 19% YTD, as the shares have sold off recently alongside other sem…