Source: ON Mei Author: On Mei
    Shanghai, China - December 17, 2024 - onsemi (NASDAQ: ONSEMI) ON and tier-one automotive supplier DENSO CORPORATION (" Denso ") announced the strengthening of their long-term partnership in autonomous driving (AD) and Advanced Driver Assistance Systems (ADAS) technologies.
    For more than 10 years, ON has been providing Denso with the latest smart automotive sensors to enhance ADAS and autonomous driving performance. These semiconductors are becoming increasingly important in improving vehicle intelligence, including connectivity, which will help reduce traffic fatalities and injuries.
    "Denso's desire to work more closely with us demonstrates their confidence in ON's ability to innovate and its decades of expertise in automotive technology, as well as its supply resilience," said Hassane El-Khoury, President and CEO of ON.
    "As the world's second largest supplier of automotive systems and components, Denso relies on a strong supply chain to ensure the reliable supply of key raw materials such as semiconductors to continue to serve customers with leading-edge and reliable products," Shinnosuke Hayashi, President of Denso, said, "It is therefore important to work closely with an industry leader like On, who has been advancing vehicle safety and autonomy with intelligent perception technology for many years, and providing the supply assurance we are looking for."
    As a sign of the cooperation between the two parties, Denso plans to acquire shares in On the open market to further cement the long-term partnership.

About Denso
    Headquartered in Kariya, Japan, Denso is a leading automotive supplier valued at $47.2 billion, developing advanced technologies and components for nearly every vehicle model available today. With manufacturing at its core, Denso invests in approximately 180 production facilities worldwide, offering promising career opportunities and producing world-changing cutting-edge electrification, powertrain, thermal management and automotive electronics. In developing these solutions, the company's 162,000 employees worldwide are paving the way for an automotive future that improves lives, eliminates traffic accidents and protects the environment. In the fiscal year ended March 31, 2024, Denso's expenses for research and development accounted for approximately 7.7% of its global consolidated sales.

About onsemi
    onsemi (NASDAQ: ON) is committed to driving disruptive innovation and building a better future. The company focuses on megatrends in the automotive and industrial end markets, accelerating innovation and innovation in segments such as electronic vehicle functionality and automotive safety, sustainable power grids, industrial automation, and 5G and cloud infrastructure. On offers a highly differentiated portfolio of innovative products and smart power and intelligent perception technologies to solve the world's most complex challenges and lead the way in creating a safer, cleaner and smarter world. On is a Fortune 500 company and is included in the NASDAQ 100 Index and the S&P 500 Index.