# Every 800V rack NVIDIA ships in 2027 is worth roughly 11x more ON silicon than the 54V racks shipping today.

*business · news · 2026-04-20 · Benzinga*

## Key points

- NVIDIA's 2027 800V racks will include 11x more ON silicon than current 54V racks.
- ON's 800V vertical GaN technology is currently unmatched by competitors at commercial scale.
- ON recorded a major increase in silicon carbide lead-times in Q1 2026, indicating real AI data center demand.
- ON projects AI data center revenue could reach $1 billion by 2028, driven by 800VDC adoption.
- ON trades at roughly half the valuation multiples of direct AI power semiconductor peers like MPWR and POWI.

**Companies:** NVIDIA, ON Semiconductor, Oracle Cloud Infrastructure, CoreWeave, Lambda, Nebius
**Countries:** Taiwan, United States

[Read the full story on Benzinga](https://www.benzinga.com/Opinion/26/04/51927467/this-week-wolf-pick-on-semiconductor-on-gets-11x-more-silicon-per-nvidia-rack)

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