Microchip Technologyvs.ON Semiconductor
MCHP 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.
Microchip Technology is about 1.3× larger than ON Semiconductor by market cap; ON Semiconductor trades at the lower P/E (51.8 vs 89.8); year to date, ON Semiconductor leads (+32.8% vs +16.5%).
Side by side
| MCHP | ON | |
|---|---|---|
| Market cap | $42.9B | $32.6B |
| Price | $73.50 | $72.51 |
| Today | −1.0% | +0.8% |
| Return YTD | +16.5% | +32.8% |
| Return 1Y | +7.3% | +38.7% |
| P/E | 89.8 | 51.8 |
| P/S | 8.4 | 5.3 |
| P/B | 6.7 | 4.5 |
Data as of 2026-08-26 · updates daily after U.S. close
The two companies
Microchip TechnologyMCHP
The microcontroller is the anchor product; analog and FPGA parts fill out the range for embedded designs in industry and cars.
Full MCHP 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 MCHP & ON comparisons
Other head-to-heads in the Chips & accelerators segment.
See where MCHP and ON sit in the full AI & digital infrastructure map: every segment from suppliers to end markets.Open the AI value chain →