Nov 3 (Reuters) - Onsemi beat Wall Street

estimates for third-quarter revenue and profit on Monday, helped

by an artificial intelligence boom that has boosted demand for

its chips used in data centers.

The company's products that manage power consumption in AI

data centers have shown growth, even as automotive clients are

spending cautiously on the company's silicon carbide chips amid

sluggish electric vehicle demand in Europe and North America.

"We're seeing continued signs of stabilization across our

core markets, as well as positive growth in AI," Onsemi Chief

Executive Hassane El-Khoury said in a statement.

For the third quarter, Onsemi reported a revenue of $1.55

billion, beating analysts' average estimate of $1.52 billion,

according to data compiled by LSEG.

Quarterly adjusted profit came in at 63 cents per share,

beating analysts' average estimate of 59 cents.

The company expects fourth-quarter revenue between $1.48

billion and $1.58 billion, the mid point of which was largely in

line with the estimate of $1.53 billion.

Onsemi expects fourth-quarter profit between 57 cents and 67

cents per share, in line with estimates of 62 cents.

(Reporting by Anhata Rooprai in Bengaluru; Editing by Shinjini

Ganguli)