Arm Holdingsvs.ON Semiconductor
ARM vs ON · both in Chips & accelerators, part of the AI & digital infrastructure value chain: Designs and builds the processors, accelerators and memory that train and run AI.
Arm Holdings is about 8.9× larger than ON Semiconductor by market cap; ON Semiconductor trades at the lower P/E (51.8 vs 278.1); year to date, Arm Holdings leads (+118.4% vs +32.8%).
Side by side
| ARM | ON | |
|---|---|---|
| Market cap | $290B | $32.6B |
| Price | $241.56 | $72.51 |
| Today | +1.2% | +0.8% |
| Return YTD | +118.4% | +32.8% |
| Return 1Y | +73.1% | +38.7% |
| P/E | 278.1 | 51.8 |
| P/S | 56.3 | 5.3 |
| P/B | 33.6 | 4.5 |
Data as of 2026-08-26 · updates daily after U.S. close
The two companies
Arm HoldingsARM
Licensing, not manufacturing: the CPU architectures and instruction sets (Cortex, Neoverse) that nearly every mobile and server chip is built around come from Arm, which takes a royalty on each chip produced.
Full ARM profile →ON SemiconductorON
Electric cars and factory automation are the end markets for its silicon carbide power semiconductors and image sensors.
Full ON profile →More ARM & ON comparisons
Other head-to-heads in the Chips & accelerators segment.