The company states: “Onsemi ( ON) and tier-one automotive supplier DENSO announced that they are strengthening their long-term relationship to support the procurement of autonomous driving and advanced driver assistance systems 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.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ON:
- On Semiconductor price target lowered to $85 from $89 at Truist
- ON Semiconductor Expands with Silicon Carbide Acquisition
- On Semiconductor to acquire SiC JFET business from Qorvo for $115M in cash
- ON Semiconductor put volume heavy and directionally bearish
- Analog Devices price target raised to $250 from $245 at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
