Key Insights on Gross Profit: NVIDIA Corporation vs ON Semiconductor Corporation

A Decade of Growth: NVIDIA vs. ON Semiconductor

In the ever-evolving semiconductor industry, NVIDIA Corporation and ON Semiconductor Corporation have showcased remarkable growth trajectories over the past decade. From 2014 to 2023, NVIDIA's gross profit surged by an impressive 1,850%, reflecting its dominance in the graphics processing unit (GPU) market. In contrast, ON Semiconductor, while experiencing a steady increase, saw its gross profit grow by approximately 258% during the same period.

Key Insights

• NVIDIA's Leap: By 2023, NVIDIA's gross profit reached a staggering $15.4 billion, a testament to its strategic innovations and market expansion.
• ON Semiconductor's Steady Climb: Despite a more modest growth, ON Semiconductor's gross profit peaked at $4.1 billion in 2022, highlighting its resilience and adaptability.

The data for 2024 is incomplete, but NVIDIA's projected gross profit of $44.3 billion suggests continued momentum. This comparison underscores the dynamic nature of the semiconductor sector and the varying strategies of its key players.