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Stock impact report

onsemi and DENSO Collaborate for a Strengthened Relationship

ON Semiconductor Corporation (ON) 
Last on semiconductor corporation earnings: 2/3 06:00 am Check Earnings Report
Company Research Source: Business Wire
SCOTTSDALE, Ariz. & KARIYA, Japan--(BUSINESS WIRE)--onsemi (Nasdaq: ON) and tier-one automotive supplier DENSO CORPORATION announced today that they are strengthening their long-term relationship to support the procurement of autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies.For over 10 years, onsemi has been supplying DENSO with the latest intelligent automotive sensors to enhance ADAS and AD performance. These semiconductors have become increasingly vital in improving vehicle intelligence including connectivity, to help reduce traffic accident fatalities.“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," said Hassane El-Khoury, president and CEO of onsemi.“As the second largest global supplier of automotive systems and parts, DENSO depends on a robust supply chain for critical materials like semiconductors to continue to r Show less Read more
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