The data center "power engine" has erupted! The AI frenzy has spilled over into the power chain, with ON Semiconductor (ON.US) seeing a quadrupling of cash flow in Q2 and performance outlook exceeding expectations.

According to the Zhizhong Finance APP, ON Semiconductor, a semiconductor manufacturing giant focused on the automotive and industrial sectors, announced its performance and future outlook after the US stock market closed on Monday (Tuesday morning Beijing time). The company's revenue forecast for the third quarter is higher than the consensus expected by Wall Street analysts, highlighting the explosive growth of its AI data center "power engine" businessspecifically, the surge in demand for power management chips for artificial intelligence data centers has propelled the company's stock to rise by more than 7% in after-hours trading. Amid the AI infrastructure boom, the company also delivered strong performance for the second quarter ending July 3, particularly in its Power Solutions Group (PSG) business segment that covers automotive, industrial, and AI data center solutions, which experienced the strongest growth trend.