ON Semiconductor Corporation (ON)

Let's not kid ourselves that there is any longer some kind of relationship between price and value. Or fact and truth.

What's most important about this market is understanding which themes are driving the action.

The semiconductor index (SOX) has been in a dramatic upswing since 2009 and it is not over.

Telcos and cable companies appear to be stepping up their capital spending as COVID-19 lockdowns lead network traffic to spike.

The Fed has attacked developing problems in real-time -- and as China shows signs of life, the semi stocks are benefitting.

How will Chinese demand for goods and services as well as dramatically reduced Chinese production impact U.S. corporate performance?

Chip suppliers and others are benefiting as smartphone camera counts rise and camera penetration rates grow in other markets.

While chip stocks are now pricing in a lot of optimism, the latest headlines aren't exactly giving bulls cold feet.

These three companies sport reasonable valuations in light of their growth opportunities and competitive strengths.

There's still some value to be found in the sector. But a lot of the easy money has definitely been made.

During a talk with TheStreet, Cree CEO Gregg Lowe shared plenty of details about the growth opportunities in front of his firm's Wolfspeed power semiconductor and materials unit.

At a time when many quality tech companies are staring at huge 2019 gains, spotting good deals takes a bit of effort. But it's by no means impossible.

Though major chip suppliers shared both good and bad news in October, on the whole the positives outweighed the negatives.

Despite playing the industry and macro blame game on the conference call, TXN execs may have overstated the significance of those factors in the company's poor report and outlook.

Possibly due to worries about the fixed costs attached to their business models, many fab-owning chip suppliers with meaningful growth opportunities are still trading at low valuations.

Analog chip suppliers, optical component firms and chip equipment makers could be among the firms that see M&A interest if trade tensions continue to ease.

As chip stocks gain nearly across the board following numbers from Micron that weren't exactly stellar, it's worth remembering how low valuations for many names had gotten.

Cypress CEO Hassane El-Khoury says he's "cautiously optimistic" chip industry conditions will continue to improve. He also suggests Cypress remains on the lookout for potential acquisitions.

Nvidia and AMD are now getting very little revenue from sales of graphics cards to cryptocurrency miners.

Backed by favorable Prime sign-up and renewal data, the e-commerce and cloud giant is betting on everything from Yankees broadcast rights to a costly Lord of the Rings series.

The chip stock surge at the week's end shines a light on just how pessimistic some investors had been as earnings multiples fell to rock-bottom levels last year.

The chipmaker, which has strong exposure to Chinese manufacturers, partly blamed trade worries for its soft guidance.

These names are showing technical characteristics of either bullish or bearish reversal patterns.

The iPhone 8's reported inclusion of several new technologies is expected to yield changes in Apple's supplier mix.

The proposed combination likely will draw increased attention to the obliteration of traditional retail jobs that Amazon is leaving in its wake.

High-flying chip stocks sold off this week amid a spate of negative headlines. But for the most part, industry conditions are still healthy.

Consolidation, strong memory prices and healthy demand from several end-markets continue driving industry profits higher. Some good news is clearly priced in, but maybe not all of it.