ON Semiconductor Joins Automotive Equipment Supplier Association That Champions Business Interests of Members
PHOENIX–(BUSINESS WIRE)–ON Semiconductor (Nasdaq: ON), driving energy efficiency innovations, today announced that it is joining the Original Equipment Suppliers Association (OESA), which champions the business interests of more than 430 member automotive suppliers. All members also belong to the parent Motor and Equipment Manufacturers Association (MEMA), which represents more than 1,000 companies from both the original equipment and aftermarket segments of the light vehicle and commercial vehicle industries.
Joining these organizations enables ON Semiconductor to work more closely with its customers on the policy issues that matter to the automotive industry, such as the promotion of advanced driver assistance systems (ADAS). MEMA estimates that ADAS technologies alone have the potential to prevent 30 percent of all crashes, and ON Semiconductor is a leading supplier of the components that are used in these systems.
“As the No. 2 ranked non-microcontroller automotive semiconductor supplier, we have long recognized the importance of working closely with customers to promote the policies and technologies that will advance innovation in vital areas like safety and sustainability,” said Lance Williams, vice president of automotive strategy and OEM development at ON Semiconductor. “OESA and MEMA are two of the automotive industry’s most well respected trade associations, and we look forward to expanding our collaborations with their more than 1,000 member companies.”
About OESA and MEMA
The Original Equipment Suppliers Association (OESA) champions the business interests of more than 430 member organizations. Since 1998, the association is committed to addressing issues of common concern throughout the supply chain, and advocating on behalf of the automotive supplier community. OESA strives to foster collaboration throughout the supply chain and help members make critical business decisions. Through industry events, peer group councils, research and analysis, OESA provides relevant, timely and unique information and resources to and for the automotive supplier industry.
OESA is one of four divisions of the Motor and Equipment Manufacturers Association (MEMA). MEMA is the trade association for motor vehicle and mobility suppliers and parts manufacturers and remanufacturers. Its members supply both the original equipment and aftermarket segments of the light vehicle (car and truck) and commercial vehicle (on- and off-road) industries. MEMA serves the industry as the voice of the motor vehicle and mobility supplier industry, speaking out on behalf of the largest manufacturing sector in the United States.
About ON Semiconductor
ON 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.
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