Micronvs.ON Semiconductor
MU 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.
Micron is about 33× larger than ON Semiconductor by market cap; Micron trades at the lower P/E (21.5 vs 51.8); year to date, Micron leads (+219.0% vs +32.8%).
Side by side
| MU | ON | |
|---|---|---|
| Market cap | $1.1T | $32.6B |
| Price | $932.97 | $72.51 |
| Today | +2.5% | +0.8% |
| Return YTD | +219.0% | +32.8% |
| Return 1Y | +673.6% | +38.7% |
| P/E | 21.5 | 51.8 |
| P/S | 12.0 | 5.3 |
| P/B | 10.8 | 4.5 |
Data as of 2026-08-26 · updates daily after U.S. close
The two companies
MicronMU
America's only large memory manufacturer, third in HBM, selling DRAM and NAND broadly into data centres.
Full MU 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 MU & ON comparisons
Other head-to-heads in the Chips & accelerators segment.
See where MU and ON sit in the full AI & digital infrastructure map: every segment from suppliers to end markets.Open the AI value chain →