DENSO CORPORATION and onsemi have announced a strategic move to reinforce their decade-long partnership, aimed at furthering the development and procurement of advanced autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies.
For more than 10 years, onsemi has been a trusted supplier to DENSO, providing cutting-edge intelligent automotive sensors that have significantly advanced the capabilities of ADAS and AD systems. These semiconductors are crucial in enhancing vehicle intelligence, including connectivity, ultimately contributing to a reduction in traffic-related 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 reliably serve our customers with cutting-edge products,” said Shinnosuke Hayashi, president of DENSO CORPORATION. “Therefore, it is essential to collaborate closely with industry leaders like onsemi, which has been improving the safety and autonomy of vehicles with its intelligent sensing technologies for years and provides the supply assurance we expect.”
In a further demonstration of their growing partnership, DENSO plans to acquire shares in onsemi on the open market, reinforcing their commitment to strengthening this long-term relationship.
This collaboration is set to accelerate advancements in automotive technologies, driving greater safety and autonomy across the global automotive industry.
SOURCE: Denso
