Micron Technology, Inc. vs ON Semiconductor Corporation: Examining Key Revenue Metrics

Micron Technology vs. ON Semiconductor: A Revenue Showdown

In the ever-evolving semiconductor industry, Micron Technology and ON Semiconductor have been key players, each carving out a significant niche. From 2014 to 2023, Micron Technology's revenue has seen a remarkable journey, peaking in 2022 with a 25% increase from 2017. However, 2023 marked a downturn, with revenues dropping by nearly 50% from the previous year. In contrast, ON Semiconductor has shown a steady upward trajectory, with a notable 163% growth from 2014 to 2022. Despite a slight dip in 2023, ON Semiconductor's resilience is evident. The data for 2024 remains incomplete, leaving room for speculation on future trends. This comparison highlights the dynamic nature of the semiconductor market, where adaptability and innovation are key to sustaining growth.

Key Insights

• Micron's revenue peaked in 2022, then halved in 2023.
• ON Semiconductor's revenue grew 163% from 2014 to 2022.
• 2024 data is incomplete, hinting at future uncertainties.