ON Semiconductor announced its participation in the Plug and Play startup ecosystem, a Silicon Valley-based innovation platform. By joining Plug and Play's mobility and Internet of Things (IoT) platforms, ON Semiconductor aims to accelerate its efforts to expand the reach of diverse automotive and industrial solutions.

“More and more customers are turning to ON Semiconductor for key technologies that disrupt existing business models,” said Mamoon Rashid, senior vice president, Strategic Business Ventures at ON Semiconductor. “Now is the time to accelerate innovation by integrating our internal and external technology development strategies. By partnering with innovation leaders like Plug and Play, we can efficiently evaluate new technologies and rapidly integrate them into our portfolio.”

ON Semiconductor, a top-10 global semiconductor supplier to the automotive industry, has been providing semiconductor solutions for key automotive electronics systems within the Plug and Play ecosystem for over 20 years. ON Semiconductor's node-to-cloud environment for the IoT addresses customer challenges in prototyping, testing, and system deployment, with a focus on value-added applications and services. This has established ON Semiconductor as a key partner for advanced driver assistance systems (ADAS), electric vehicles, factory automation, machine vision, and industrial power management.

ON Semiconductor's strategic focus on automotive and IoT solutions aligns with the innovative solutions presented by startups within the Plug and Play ecosystem. Therefore, ON Semiconductor plans to effectively leverage the rapidly changing key industry trends to expand its product portfolio by joining the Plug and Play ecosystem.

“Connecting startups with enterprises that can validate their technologies is a game-changing opportunity in this industry,” said Sobhan Khani, vice president of Plug and Play’s IoT and Mobility programs. “ON Semiconductor’s participation in the Plug and Play Mobility and IoT platform is a significant benefit for the startups in our ecosystem, and we are excited to work with them to further advance our technology.”