Onsemi and DENSO Deepen Partnership to Advance Autonomous Dr
Onsemi and DENSO Deepen Partnership to Advance Autonomous Driving and ADAS Technologies:
Onsemi (Nasdaq: ON) and leading automotive supplier DENSO CORPORATION have announced an expanded collaboration to enhance autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies.
For over a decade, onsemi has provided DENSO with state-of-the-art intelligent automotive sensors, critical to advancing vehicle connectivity and reducing traffic fatalities. These cutting-edge semiconductors have played a pivotal role in boosting vehicle intelligence for safer driving.
"DENSO's commitment to strengthening our partnership highlights their trust in our innovation, expertise, and reliable supply of automotive technologies," said Hassane El-Khoury, president and CEO of onsemi.
Shinnosuke Hayashi, president of DENSO CORPORATION, emphasized the importance of a stable semiconductor supply chain, stating, "Collaborating with industry leaders like onsemi ensures we can continue delivering advanced safety and autonomy-enhancing technologies to our customers."
As a sign of their commitment, DENSO plans to acquire onsemi shares on the open market, solidifying their long-term partnership.
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