New Partnership between onsemi and DENSO
onsemi (Nasdaq: ON) and DENSO CORPORATION have announced an exciting development in their longstanding collaboration. This partnership aims to enhance the procurement of autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies. This strategic move highlights both companies' commitment to innovation and safety in the automotive sector.
Enhancing Safety Through Technology
For over a decade, onsemi has delivered cutting-edge automotive sensors to DENSO, significantly contributing to the improvement of ADAS and autonomous vehicle performance. These semiconductors are crucial in boosting vehicle intelligence, which plays a vital role in enhancing connectivity and reducing traffic accidents.
Expert Insights from Company Leaders
Hassane El-Khoury, CEO of onsemi, expressed enthusiasm about the collaboration, stating, "DENSO’s desire to work more closely with us demonstrates its confidence in our innovative capabilities, decades of expertise, and supply resilience in automotive technologies." This remarks underline onsemi's dedication to leading the development of advanced automotive technologies.
Shinnosuke Hayashi, president of DENSO CORPORATION, also emphasized the importance of a robust supply chain for critical materials, such as semiconductors. "DENSO depends on a reliable supply chain to continue serving our customers with cutting-edge products," he stated, reinforcing the necessity of strategic alliances such as the one formed with onsemi.
Investment as a Sign of Commitment
As a testament to their strengthened relationship, DENSO plans to acquire shares of onsemi on the open market. This investment is a clear indication of DENSO’s commitment to fostering long-term collaboration and mutual growth in the automotive industry.
About onsemi
onsemi is a leader in driving disruptive innovations focused on automotive and industrial end-markets. They are closely involved in important megatrends like vehicle electrification, sustainable energy, and industrial automation. The company’s advanced technology portfolio features intelligent power and sensing solutions dedicated to solving complex challenges in a rapidly evolving world. Recognized as a Fortune 500 company, onsemi is also part of the Nasdaq-100 Index and S&P 500 index, showcasing its significant impact in the tech industry.
To learn more about onsemi's innovative offerings, their website provides a wealth of information about their products and initiatives.
About DENSO CORPORATION
DENSO is a world-renowned mobility supplier and a leader in the advanced technologies for vehicles, with a substantial investment of $47.2 billion into developing components for nearly every vehicle on the road. The company operates around 180 facilities globally and employs over 162,000 individuals dedicated to advancing the future of mobility. DENSO’s commitment to research and development is evident as they allocate approximately 7.7 percent of their global consolidated sales towards it.
This dedication to innovation aims to create solutions that not only improve lives but also reduce traffic accidents and contribute to environmental preservation.
Frequently Asked Questions
What is the purpose of the collaboration between onsemi and DENSO?
The collaboration aims to enhance the procurement of autonomous driving and advanced driver assistance systems technologies, improving vehicle safety and intelligence.
How long have onsemi and DENSO been working together?
They have been collaborating for over a decade, focusing on supplying advanced automotive sensors.
What did the CEOs say about the partnership?
Both CEOs expressed confidence in the partnership, highlighting the importance of innovation and the need for a reliable supply chain in the automotive industry.
What does DENSO intend to do to show commitment to this partnership?
DENSO plans to acquire shares of onsemi as a sign of their strengthened long-term relationship.
What are some key focus areas for onsemi?
onsemi focuses on automotive and industrial markets, particularly in megatrends like vehicle electrification, sustainable energy grids, and industrial automation.
