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 29× larger than ON Semiconductor by market cap; Micron trades at the lower P/E (21.9 vs 65.6); year to date, Micron leads (+243.1% vs +77.2%).
Side by side
| MU | ON | |
|---|---|---|
| Market cap | $1.1T | $37.6B |
| Price | $979.30 | $95.96 |
| Today | −1.2% | −2.0% |
| Return YTD | +243.1% | +77.2% |
| Return 1Y | +695.5% | +61.2% |
| P/E | 21.9 | 65.6 |
| P/S | 12.3 | 6.2 |
| P/B | 11.0 | 5.2 |
Data as of 2026-07-11 · updates daily after U.S. close
The two companies
MicronMU
The only large US memory manufacturer — number three in HBM and broadly exposed to DRAM and NAND for data centers.
Full MU profile →ON SemiconductorON
Power and sensor semiconductors for EVs, renewable energy and industrial automation.
Full ON profile →More comparisons in Chips & accelerators
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 →