ON Semiconductor Expands Automotive Sensing Portfolio with Radar Technology

ON Semiconductor acquires mmWave technology for automotive radar from IBM

PHOENIX--(BUSINESS WIRE)-- ON Semiconductor Corporation (Nasdaq: ON), driving energy efficient innovations, today announced that it is acquiring and licensing mmWave technology for automotive radar applications developed by IBM’s Haifa research team. The acquisition positions ON Semiconductor to extend its leadership in automotive image sensors into the broader automotive sensing market. Radar is highly complementary to sensing cameras as it excels at measuring distance and object velocity even in poor visibility necessary for next-generation autonomous driving. The combination of these technologies also enables ON Semiconductor uniquely to address the growing trend of sensor fusion where multiple sensing technologies are used to improve accuracy and automotive safety.

“The team and its technologies accelerates ON Semiconductor’s strategy to grow our automotive sensing business even faster than the robust growth from increasing camera attach rates,” said Taner Ozcelik, senior vice president and general manager Image Sensor Group. “We look forward to delivering a wider range of sensing products and technology to meet our customers’ needs for next-generation ADAS and fully autonomous driving solutions.”

The acquisition creates a new Israel design center for ON Semiconductor that reports directly into the automotive solutions division within the Image Sensor Group. The new design center is located in Haifa, Israel. It includes staff, equipment, research facilities and intellectual property. The team’s Eband designs meet the stringent European ETSI standard and include high output power for a Fixed Beam Silicon based chipset.

About ON SemiconductorON Semiconductor (Nasdaq: ON) is driving energy efficient innovations, empowering customers to reduce global energy use. The company is a leading supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy efficient power management, analog, sensors, logic, timing, connectivity, discrete, SoC and custom devices. The company’s products help engineers solve their unique design challenges in automotive, communications, computing, consumer, industrial, medical, aerospace and defense applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, a robust compliance and ethics program, and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe and the Asia Pacific regions. For more information, visit http://www.onsemi.com.

• Follow @onsemi on Twitter.

ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its website in this news release, information on the website is not to be incorporated herein.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170306005512/en/

ON Semiconductor
Kris Pugsley
Corporate Communications / Media Relations
(312) 909-0661
[email protected]
or
Parag Agarwal
Vice President Investor Relations and Corporate Development
(602) 244-3437
[email protected]

Source: ON Semiconductor

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• EU approves Merck's Keytruda plus Padcev for bladder cancer
• NexMetals Increases Selkirk Mineral Resource by 70%, Establishing 1.1 Billion Pounds of Copper Equivalent in the Indicated Category and 200 Million Pounds in Inferred Category
• VENU Hosts Intimate FireSuite Investor Event in McKinney, Texas Featuring Three-Time Super Bowl Champion and VENU Shareholder Troy Aikman