feedback
Rate this webpage
Need
Support?

Print

ON Semiconductor & Plug and Play to Assure Next Generation of Innovation  Chinese Japanese Korean

Company will Contribute to Advancing Automotive Mobility and Internet of Things Platforms

PHOENIX, Ariz. – March 26, 2018 - ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, announced their participation in the startup ecosystem of Silicon Valley-based Plug and Play, the world's largest global innovation platform. They join Plug and Play’s Mobility and Internet of Things (IoT) platforms, further showcasing their commitment towards advancing the widespread deployment of solutions in the automotive and industrial spheres.

“Customers are increasingly relying on us for key enabling technologies which are disrupting existing business models,” said Mamoon Rashid, senior vice president of strategic business ventures at ON Semiconductor. “We must innovate faster by incorporating a strategy of internal and external technology development. Partnering with innovation accelerators such as Plug and Play provides us a way to efficiently evaluate and consult new technologies and integrate them earlier into the ON Semiconductor portfolio.”

As a top 10 global semiconductor supplier to the automotive industry, ON Semiconductor brings over two decades of experience delivering innovative, automotive grade semiconductor solutions addressing key vehicle electronics systems to the Plug and Play ecosystem. The company’s node-to-cloud environment for the IoT solves customer challenges in prototyping, trials and systems deployment and focus on value-added application and services. These advances have poised the company as a key partner in enabling ADAS, electric vehicles, factory automation, machine vision, and industrial power management.

The strategic focus of ON Semiconductor automotive and IoT solutions matched with the innovative solutions from startups in Plug and Play’s portfolio sets the company up to take advantage of fast moving industry megatrends.

“Being able to connect startups with corporations that can validate their technology in the market is a game changer,” said Sobhan Khani, vice president of Plug and Play’s IoT and Mobility programs. “ON Semiconductor’s participation in both our Mobility and IoT platform is hugely beneficial to the startups in our ecosystem. We are excited to have them join our ecosystem to move towards a more technologically advanced future.”



About ON Semiconductor
ON Semiconductor (Nasdaq: ON) is driving energy efficient electronics innovations that help make the world greener, safer, inclusive and connected. The company has transformed into our customers’ supplier of choice for power, analog, sensor and connectivity solutions. Our superior products help engineers solve their most unique design challenges in automotive, industrial, cloud power, and Internet of Things (IoT) applications.

ON Semiconductor operates a responsive, reliable supply chain and quality programs, and robust ESG programs. Headquartered in Phoenix, Arizona, the company has a global network of manufacturing facilities, sales and marketing offices and engineering centers in its key markets.

# # #

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 Web site in this news release, such information on the Web site is not to be incorporated herein.

About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in 28 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, LendingClub, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com.

Your request has been submitted for approval.
Please allow 2-5 business days for a response.
You will receive an email when your request is approved.
Request for this document already exists and is waiting for approval.