onsemi and DENSO deepen ties amid autonomous driving push

In a significant development within the automotive sector, onsemi and DENSO Corporation announced their intent to fortify their collaboration to enhance the procurement of autonomous driving and advanced driver assistance systems technologies. This initiative, revealed just a few days ago, underscores the essential role of semiconductors in improving vehicle connectivity and intelligence while also aiming to reduce traffic-related fatalities. DENSO, a leading tier-one automotive supplier, emphasized the importance of this strengthened relationship to maintain a robust supply chain for critical semiconductor materials essential for their cutting-edge automotive products. Hassane El-Khoury, president and CEO of onsemi, expressed optimism regarding the collaboration, indicating that DENSO's commitment reflects their confidence in onsemi’s innovative capabilities and resilience in the automotive technology sector. DENSO's Shinnosuke Hayashi elaborated on the need for a reliable supply of semiconductors, stating that this partnership will enable them to continue delivering advanced products to their customers and improve overall road safety. To further cement this collaboration, DENSO plans to acquire shares of onsemi from the open market, signaling a deeper financial commitment to their partnership. This move highlights DENSO's strategy to align more closely with onsemi, which has been a recognized leader in intelligent sensing technologies aimed at boosting vehicle safety and autonomy. Both companies are engaged in megatrends involving vehicle electrification, industrial automation, and sustainable energy solutions, which are vital for the future of mobility. Overall, this collaboration marks a pivotal moment in the ongoing evolution of the automotive industry, as manufacturers increasingly rely on advanced technologies like autonomous systems to meet the challenges posed by traffic safety and environmental sustainability. As both onsemi and DENSO move forward with this strengthened alliance, their joint efforts will likely play a significant role in shaping the future landscape of automotive technology and ensuring a safer driving experience.