10 AI News Taking Wall Street By Storm

6. ON Semiconductor Corporation (NASDAQ:ON)

Number of Hedge Fund Holders: 45

ON Semiconductor Corporation (NASDAQ:ON) is a semiconductor manufacturing company that provides intelligent sensing and power solutions. On December 16, the company announced that it has strengthened its collaboration with tier-one automotive supplier DENSO CORPORATION. The enhanced relationship will support the procurement of autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies. ON Semiconductor has been supplying DENSO with the latest intelligent automotive sensors for the last ten years. These semiconductors have played a crucial role in improving vehicle intelligence that helps reduce traffic accident fatalities.

“DENSO’s desire to work more closely with us demonstrates its confidence in our innovative capabilities, decades of expertise and supply resilience in automotive technologies”.

– Hassane El-Khoury, president and CEO of onsemi.